Cantor Fitzgerald analyst Colin Canfield initiated coverage of Planet Labs (PL) with an Overweight rating and $6.30 price target The firm sees AI-derived data price accretion, and an acceleration of defense and climate threats driving growth and margins, the analyst tells investors in a research note. Longer term, Cantor expects upside to stem from how Planet Labs sells commercial data into combatant commands and other agencies, as well as how the potential confluence of that data impacts pricing.
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