The company impressed one market professional at its recent investor day.
Planet Labs(PL 3.58%) stock had a good start to the trading week on Monday. That’ll happen when an analyst increases their price target by more than 30%, which is what occurred before the market opened that morning. Planet Labs enjoyed an over 3% lift to its share price as a result, which outpaced the 1.1% rise of the bellwether S&P 500(^GSPC 1.07%).
A 33% boost
The pundit responsible for the raise was Needham’s Ryan Koontz, who now feels Planet Labs is worth $16 per share; he previously placed a $12 price target on the stock. In making the change, Koontz maintained his buy recommendation on the shares.
Image source: Getty Images.
According to reports, the analyst made his change on the basis of presentations made during the company’s investor day. He wrote that management emphasized its strategic focus on satellite services arrangements. The company is also encouraged by what it expects to be rising defense budgets from governments around the world.
Given all that, Koontz raised his estimates modestly for Planet Labs’ fiscal 2027, which begins early in calendar year 2026.
Growth in the ether
Planet Labs’ main activity is the provision of detailed geographic data on Earth from a network of satellites. It’s still consistently loss-making, however, despite some impressive revenue growth. It’s therefore a risky investment, and should only be considered by investors comfortable with such plays.
Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
OUR wardrobes are stuffed with 1.6billion unworn clothes.
So it is best for the planet — and your bank balance — to stop buying new and instead swap your old stuff for other people’s cast-offs.
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It’s best for the planet — and your bank balance — to buy second-hand clothesCredit: Oxfam
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Oxfam is having Second Hand September to encourage people to buy in charity shopsCredit: Oxfam
During Second Hand September, Oxfam is encouraging people to hunt down a bargain and find unique pieces that will make you stand out from the crowd.
TREASURE HUNT: Trawling high street charity shops is a great way to spot a gem.
Abi Owen, online shop merchandiser for Oxfam, says: “Charity shops are full of wonderful, unique finds, so it’s worth having an open mind to see what might catch your eye.
“As autumn begins, timeless items such as cable-knit jumpers and checked shirts are the perfect pre-loved find.”
READ MORE MONEY SAVING TIPS
WONDERS ON THE WEB: If you can’t get to a second-hand shop, or you have something specific in mind, look online.
Lose yourself on Vinted or eBay and, to support a good cause, search for charity shops on the internet. Many also have their own online shops.
SEPTEMBER SURPRISES: At Oxfam’s online store (onlineshop.oxfam.org.uk) you can narrow your search by price, size or designer.
We found Ralph Lauren sunglasses for under £9.99, a Tommy Hilfiger jumpsuit for £12.99 and a wedding dress for £30.
During Second Hand September, there is also a range of offers, including free delivery until Tuesday and ten per cent off when signing up for Oxfam’s newsletter.
BEST BUYS: Make the most of your money and bag a second-hand bargain that you will wear lots of times.
Here’s how to do festival looks on a budget – and save the planet
Denim will never go out of fashion and is stacked up in charity shops.
Abi says: “Whether it is a pair of jeans or a classic jacket, they are perfect for styling up or down.
“Plus, they’re better when they’ve been worn in.
“Accessories are a brilliant second-hand item to shop for, too. A good belt or some gorgeous earrings can complete a look.
“Keep your eyes peeled for details like a tartan scarf to pull an outfit together.”
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Accessories are a brilliant second-hand item to shop for to complete a lookCredit: Oxfam
All prices on page correct at time of going to press. Deals and offers subject to availability
Deal of the day
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The Hot Wheels Track Creator Triple Loop Speed Kit is reduced to £30.98 at direct.asda.com
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Cheap treat
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Morrisons milk chocolate digestives are down from £1.25 to 89pCredit: Morrisons
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What’s new?
THRILL-SEEKING grannies and grandads can enjoy the rides at Drayton Manor for free this weekend.
The Staffordshire theme park is giving free entry to over-70s until Monday.
Top swap
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A six-pack of Quavers is £2.13 from Asda, working out at 36p for a 16g bagCredit: Asda
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Asda’s own Cheesy Curls six-pack is just £1.25, or 21p for a 16g bagCredit: Asda
CHEESE Louise!
Snack on a six-pack of Quavers, £2.13 from Asda, working out at 36p for a 16g bag.
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SAVE: 15p per bag
Little helper
COTE Brasserie is offering a different “icon” dish for £10 each week day when you say “I’m an Icon” to staff.
Save the most on Thursdays when the beef bourguignon, usually £21.95, is a tenner.
Shop & save
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Save £3.50 on Nescafe Azera coffeeCredit: Tesco
GET tea sorted for less with Young’s Gastro two tempura battered fish fillets, down from £5.25 to £2.50, with a Tesco Clubcard.
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