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Stock impact report

Is It Too Late to Buy Planet Labs Stock? [Yahoo! Finance]

Planet Labs PBC Class A (PL) 
Company Research Source: Yahoo! Finance
The rising valuation may give prospective shareholders pause. 10 stocks we like better than Planet Labs PBC › Investors had mostly ignored Planet Labs PBC (NYSE: PL) since its IPO in late 2021. With the stock launching near the peak of a bull market, the stock struggled in the early part of its trading history. However, that attitude changed last year, and the stock is up by more than 400% over the last 12 months. That recent surge leaves prospective buyers of the stock in a difficult position. Does the increase set the stock up for a near-term pullback, or is it the beginning of a long-term bull market in Planet Labs stock? The aforementioned stock gains are likely driven in large part by the competitive advantage the satellite imaging company offers. Before Planet Labs, users often had to deal with satellite images that could be months or years old. That began to change in 2010 when three former NASA scientists founded Planet Labs. The company launched its first satellite Show less Read more
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