From Yahoo Finance: 2025-04-01 09:32:00

Defense stocks across Europe and Asia are rallying, but U.S. defense stocks are struggling due to potential government budget cuts. Analysts at UBS are optimistic, stating estimates have risen despite a sell-off. Citi analyst Jason Gursky advises now is a good time to invest in American defense stocks, expecting robust spending.

Planet Labs PBC (PL) experienced an 8.71% decline in share price this week. The company provides global satellite imagery and geospatial solutions. After missing revenue and earnings estimates, Cantor Fitzgerald reiterated an Overweight rating with a $6.3 price target. PL ranks 9th among declining defense stocks, but AI stocks may offer greater promise for higher returns.

Focused on imitating hedge funds’ top stock picks, Insider Monkey selects 14 stocks quarterly, outperforming the market. PL’s revenue increased 11% to $244.4 million, with a net loss per share of $0.42. While defense companies have potential, AI stocks may offer superior returns within a shorter timeframe. Check out the report on the cheapest AI stock for more promising investments.

Read more: Why Planet Labs (PL) Declined Last Week?