Planet Labs (PL -2.91%) stock is on a roll.
Does Planet Labs PBC (PL) have what it takes to be a top stock pick for momentum investors? Let's find out.
Shares of Planet Labs (PL 5.32%) were flying higher on Thursday. The company's stock gained 5.9% as of 2 p.m.
Satellite imagery firm Planet Labs said on Wednesday it signed a $230 million agreement to build satellites for an unnamed customer in the Asia-Pacific region, clinching its biggest contract yet as the company expands beyond data services.
Space company Planet Labs (PL -3.11%) soared in early trading Wednesday, rising more than 14% before plunging back to Earth. As of 11 a.m.
Artificial intelligence (AI) was a popular sector in 2024, but not all hot stocks were in that field. One tech company operating in outer space saw its share price rise more than 90% over the past year through Jan. 22.
Planet Labs PBC (PL) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Planet Labs (PL 6.76%), a company that operates a constellation of satellites observing the Earth, saw its share price defy gravity on Thursday. The stock closed the day nearly 7% higher on news of the company being tapped to participate in a federal government program.
Shares of Planet Labs (PL 19.89%) are skyrocketing Tuesday. The stock is up 20.8% as of 2:30 p.m.
Planet Labs' sustained growth supported by its innovation, AI-driven projects and continuous deal wins makes it a lucrative choice for investors.