PL Similar Chart Price Prediction
The price of PL is predicted to go up -26.32%, based on the high correlation periods with FTNT. The similarity of these two price pattern on the periods is 97.47%.
PL
FTNT
Down: -26.32%Similarity: 97.47%
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PL Analyst's Forecast
Trevor Walsh
JMP Securities
Buy
Price Target
$4.5 → $6.5
Upside
+11.68%
JMP Securities analyst Trevor Walsh raised the firm's price target on Planet Labs to $6.50 from $4.50 and keeps an Outperform rating on the shares. Planet Labs announced a seven-year $230M commercial agreement to provide a constellation of high-resolution Pelican satellites for an existing, undisclosed partner in Asia-Pacific, which is expected to be meaningfully cash flow accretive in fiscal 2026, the analyst tells investors in a research note. While this represents a strategic shift for the company, the firm does not view the transaction as a signal that Planet is moving away from its core vision of serving as a data company for earth observation intelligence, and agrees with management's characterization of this announcement as a "win-win," both in terms of the strategic and financial implications of the deal.