Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Evette Mitkov

Planet Labs Stock Rises As Wedbush Sees More Upside In Shares

Planet Labs Wedbush Planet Labs United States Dan Ives NATO
Denver,,Colorado,-,June,12,2025:,Planet,Labs,Pl,Satellite

Planet Labs PBC (NYSE:PL) shares are trading higher on Thursday after Wedbush maintained an Outperform rating and raised its price target from $11 to $17.

What To Know: Wedbush analyst Dan Ives cited rising demand across government and commercial sectors as key drivers behind the price target increase. The analyst highlighted Planet Labs’ growing backlog, which now stands at approximately $735 million, representing significant year-over-year growth, with about 35% expected to convert over the next 12 months.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
17% of Young Adults Have Gone Into Debt to Date — How Much Is Romance Costing Now?
Finding love has never been free, but dating costs are becoming a serious financial concern for younger Americans. A September 2026 survey found that 17% of Gen Z and millennials have taken on debt to maintain a lifestyle with someone they were dating. Between restaurant bills, transportation, entertainment, and appearance-related…
Budget and the Bees
Budget and the Bees
California cement worker turned discarded bottles into 200 desert art trees along Route 66
California cement worker Elmer Long transformed discarded glass bottles and scrap metal into an unusual art forest along Route 66. His two-acre Bottle Tree Ranch, featuring around 200 trees and over 1,000 bottles, became a popular tourist attraction. As Route 66 celebrates its 100th anniversary in 2026, Long's family continues…
The Times of India
The Times of India
Apollo 16 Astronaut Says UFOs Are Literally Demons and Claims God Proved It Over a Morning Breakfast
Apollo 16 astronaut Charlie Duke says a breakfast conversation confirmed his belief that UFOs are demonic, while NASA evidence does not support either extraterrestrial or supernatural explanations.
International Business Times UK
International Business Times UK
Plastic Additive Marketed as Safer Phthalate Swap Linked to Slightly Smaller Newborns in 6,617 U.S. Pregnancies
Higher levels of DINCH, a plastic additive used to replace phthalates, were linked to smaller newborns in 6,617 U.S. pregnancies. Here is what the study shows.
Medical Daily
Medical Daily
South Carolina woman says she filmed a man pouring what looks like sugar into her gas tank, and this time she got his license plate
Lights, camera, action!
We Got This Covered
We Got This Covered
‘Like selling wolves from Yellowstone’: how protected US sharks are being sold off to foreign aquariums
While anglers cannot take endangered sand tiger sharks, a loophole lets private firms catch the fish to sell abroad, profiting from Delaware Bay’s conservation success
The Guardian - UK
The Guardian - UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play