Planet Labs shares jump after blowout Q2, target cut
Planet Labs shares rose about 10% after the Earth-imaging company delivered a blowout second quarter. Craig-Hallum flagged accelerating defense and intelligence demand, but cut its price target amid concerns about investor fund flows.
Shares of Planet Labs (PL) gained around 10% on Friday after the Earth-imaging company delivered a blowout second quarter, prompting Craig-Hallum to highlight accelerating demand from defense and intelligence customers.However, the firm cut its price target amid concerns that investor fund flows ha…