Planet Labs (PL) Tops Q3 EPS by 4c; misses on guidance

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Planet Labs (PL) PT Raised to $3.50 at Craig-Hallum

December 10, 2024 8:53 AM EST

Craig-Hallum analyst Jeff Van Rhee raised the price target on Planet Labs (NYSE: PL) to $3.50 (from $2.50) while maintaining a Hold rating.

The analyst comments "Numbers were mixed in the quarter, with revenue a bit below and EBITDA a bit above. Guidance was limited to Q4 (Jan25) and was below the street on top line and slightly ahead on EBITDA. While... More