Planet Labs price target raised to $2.50 from $2 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Planet Labs to $2.50 from $2 and keeps a Hold rating on the shares. Results and guidance were light on the top line and ahead on the bottom, and while 8% organic growth is seeing some early improvement, guidance ranges leave open the possibility of no growth, the analyst tells investors in a research note.