Planet Labs Leads Industrial Sector with 71.5% Year-to-Date Surge

Planet Labs (PL) leads large-cap industrial stocks with a 71.5% year-to-date surge, surpassing analyst expectations with $86.8M Q4 revenue. The company's backlog jumped 23% QoQ and more than doubled YoY. Goldman Sachs elevated its price target to $18 while Needham boosted its target to $40, maintaining a Neutral and Buy recommendation, respectively.