Planet Labs’ stock has exploded higher in recent months, reflecting optimism over the company’s business with government agencies and the promise of new, advanced satellites. And the rally may not be over.
Wedbush analyst Dan Ives, a noted tech bull, is raising his price target on the stock to $28 per share from $20, citing “significant demand” for Planet Labs’
PL satellites and data in U.S. as well as foreign markets. The new target is more than 9% higher than current levels.
A Google-backed space stock is up 600% in a year. Here’s why it could go even higher.
Published:
Planet Labs’ stock has exploded higher in recent months, reflecting optimism over the company’s business with government agencies and the promise of new, advanced satellites. And the rally may not be over.
Wedbush analyst Dan Ives, a noted tech bull, is raising his price target on the stock to $28 per share from $20, citing “significant demand” for Planet Labs’
PL satellites and data in U.S. as well as foreign markets. The new target is more than 9% higher than current levels.
Share this:
Related