Planet Labs PBC (PL) Expected to Announce Quarterly Earnings on Thursday

Planet Labs PBC (NYSE:PL) will likely be releasing its earnings data after the market closes on Thursday, March 20th. Analysts expect Planet Labs PBC to post earnings of ($0.02) per share and revenue of $61.89 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Planet Labs PBC Trading Down 1.1 %

Planet Labs PBC stock opened at $4.12 on Wednesday. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of -10.06 and a beta of 1.45. The company’s 50-day moving average price is $4.87 and its two-hundred day moving average price is $3.63. Planet Labs PBC has a 52 week low of $1.67 and a 52 week high of $6.71.

Wall Street Analyst Weigh In

Several research firms have commented on PL. Craig Hallum raised shares of Planet Labs PBC from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a research note on Thursday, January 30th. The Goldman Sachs Group raised their target price on shares of Planet Labs PBC from $5.00 to $6.40 and gave the company a “buy” rating in a research note on Monday, February 3rd. JMP Securities raised their target price on shares of Planet Labs PBC from $4.50 to $6.50 and gave the company a “market outperform” rating in a research note on Thursday, January 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Planet Labs PBC from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Tuesday, December 17th. Finally, Needham & Company LLC lifted their price objective on shares of Planet Labs PBC from $5.00 to $8.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Ten research analysts have rated the stock with a buy rating, According to data from MarketBeat, Planet Labs PBC currently has an average rating of “Buy” and an average target price of $6.27.

Planet Labs PBC Company Profile

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company’s platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.