Planet Labs Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Group 1 - Planet Labs PBC is set to release its second-quarter earnings results on September 8, with analysts predicting a loss of 4 cents per share, an improvement from a loss of 6 cents per share a year ago [1] - The expected quarterly revenue for Planet Labs is $65.93 million, up from $61.09 million in the same quarter last year [1] - On July 1, Planet Labs announced significant contract wins, including a €240 million contract from Germany for data and AI services, which includes multi-year annual renewals [2] Group 2 - Cantor Fitzgerald analyst Colin Canfield has an Overweight rating on Planet Labs, raising the price target from $6.3 to $8.5 [5] - Citigroup analyst Jason Gursky maintained a Buy rating and increased the price target from $5 to $7 [5] - Goldman Sachs analyst Noah Poponak downgraded the stock from Buy to Neutral, cutting the price target from $6 to $3.5 [5]