Planet Labs price target raised to $8 from $6.50 at Citizens JMP

Citizens JMP analyst Trevor Walsh raised the firm’s price target on Planet Labs (PL) to $8 from $6.50 and keeps an Outperform rating on the shares. The firm’s discussions in the field and notable headlines point to key themes across the Aerospace & Defense sector that are likely to influence the company both in the near- and long-term, including the FY26 national defense budget request, Operation Spiderweb, marking a watershed moment in drone warfare, and national security alignment as a priority for commercial space operators, the analyst tells investors in a research note.