Cantor Fitzgerald analyst Colin Canfield raised Planet Labs’ price target to $20 from $8.50, maintaining an Overweight rating. The firm is optimistic after attending the Investor Day event, calling the stock a great growth opportunity in the space sector. Management’s long-term targets are seen as conservative, presenting a buying opportunity.

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In conclusion, Cantor Fitzgerald is bullish on Planet Labs, raising the price target to $20. Investors can benefit from a 50% discount on TipRanks Premium for advanced data and expert analysis. Stay informed with real-time market news on TheFly and explore top-performing stocks on TipRanks. Visit TipRanks for more information on Planet Labs.

Read more at Yahoo Finance: Planet Labs price target raised to $20 from $8.50 at Cantor Fitzgerald