welcome
Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

Technology

Technology

Is Planet Labs PBC (NYSE:PL) the Best Aerospace and Defense Stock to Buy According to Analyst?

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey
Summary
Nutrition label

81% Informative

Planet Labs PBC ( NYSE :PL) is a leading provider of global, daily satellite imagery and geospatial solutions.

The company designs and operates a large fleet of Earth observation satellites, including the DoveEye , RapidEye , SkySat , and more.

In 2023 , global military expenditures reached a record high of $2.4 trillion , marking a 6.8% increase from the previous year .

Planet Labs PBC ( NYSE :PL) is one of the best aerospace and defense stocks to buy according to analysts.

The analyst anticipates a share price return of 31.9% according to Meridian Contrarian Fund .

Overall, PL ranks 4th on our list of best aerospace.

Small business owner?

Otherweb launches Autoblogger—a revolutionary way to bring more leads to any small business, using the power of AI.