Planet Labs price target raised to $3.50 from $2.50 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Planet Labs (PL) to $3.50 from $2.50 and keeps a Hold rating on the shares. The firm notes numbers were mixed in the quarter, with revenue a bit below and EBITDA a bit above. Guidance was limited to Q4 and was below the street on top line and slightly ahead on EBITDA. While numbers and guidance were not likely to inspire, Craig-Hallum does find the progress in Go-to-market encouraging.