Planet Labs (PL) Misses Q2 EPS by 1c, Offers Guidance

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Planet Labs (PL) PT Raised to $9 at Needham & Company on Q2 Beat

September 13, 2022 6:49 AM EDT

Needham & Company analyst Ryan Koontz raised the price target on Planet Labs (NYSE: PL) to $9.00 (from $8.00) while maintaining a Buy rating following Q2 beat.

The analyst commented, "PL delivered a strong F2Q23 that meaningfully beat on revenue (+59% y/y) and Adj. EBITDA, driven... More