Citi raised the firm’s price target on Planet Labs (PL) to $30 from $19 and keeps a Buy rating on the shares. The firm updated estimates and price targets in the aerospace and defense group. The sector’s momentum is likely to continue through the first half of 2026, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PL:
- Planet Labs wins multi-year satellite services deal with Sweden
- Planet Labs announces nine-figure agreement with Swedish Armed Forces
- Planet Labs management to meet with Craig-Hallum
- These 3 Satellite Stocks Surged Over 300% in 2025 as Defense and Space Spending Soared
- Planet Labs price target raised to $22 from $16 at Clear Street
