Wedbush analyst Daniel Ives raised the firm's price target on Planet Labs to $50 from $40 and keeps an Outperform rating on the shares ahead of quarterly results. The firm believes the company will continue to demonstrate accelerating execution across the Defense & Intelligence vertical, expanding next-generation satellite infrastructure, and a rapidly maturing AI commercial flywheel. Planet Labs continues to sit in the intersection of Space and AI as the company further expands the largest commercial satellite fleet in the world with deeply embedded government customers, an accelerating European pipeline, and a differentiated foundation for real-world AI model training, Wedbush adds.
