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Deutsche Bank has raised its price target on Planet Labs PBC to $5 from $4.50 while maintaining a Buy rating. Planet Labs specializes in global satellite imagery and geospatial solutions, serving over 1,000 clients across various sectors, including agriculture and government. Their technology provides critical insights into issues like deforestation and climate change through a daily stream of data and advanced analytics.
The Dow continues to decline following a selloff, with Oracle shares down 8% after disappointing earnings post an 80% rally in 2024. C3.ai saw a 5% increase after narrowing its quarterly loss and reporting a 29% revenue jump, aided by a partnership with Microsoft. Meanwhile, Nvidia faces pressure from an ongoing anti-monopoly probe in China, and Planet Labs shares fell nearly 7% after providing disappointing fourth-quarter guidance.
Space stocks surged this week, with gains of up to 41% for companies like Rocket Lab and Intuitive Machines, fueled by a "Trump-Elon trade" rally and positive third-quarter results. Analysts highlight a shift towards newer space firms as legacy players decline, driven by lower costs and increased investor interest in the sector's growth potential. The incoming Trump administration's focus on space is expected to sustain this momentum, benefiting companies like Rocket Lab.
Planet Labs PBC
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deutsche bank raises price target for planet labs to five dollars
13:39 21.03.2025
stock market update dow slips oracle falls while c3ai rises
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10:46 10.12.2024
space stocks surge amid trump elon trade rally and positive market sentiment
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23:00 15.11.2024
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