Dan Ives Has Turned More Bullish On This Google-Backed Space Tech Firm As Shares Surge Over 500% - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Wedbush analyst Dan Ives raised the price target for Planet Labs Inc. (NYSE:PL) stock to $28 from $20, highlighting the “significant demand” for the space technology company’s satellites and data in both U.S. and international markets, especially in defense and intelligence applications. The price hike indicates an upside of 10.58% from Tuesday’s close at $25.32.He also noted the potential for increased use cases for solar data applications through AI integration, positioning Planet Labs at “the intersectio ...