12 Best Industrial Stocks With More Than 50% Upside

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6. Planet Labs PBC (NYSE:PL)

Planet Labs PBC (NYSE:PL) is one of the 12 best industrial stocks with more than 50% upside.

On June 11, Goldman Sachs increased the firm’s target price on Planet Labs PBC (NYSE:PL) from $20 to $22, and maintained a Neutral rating on the stock. The firm noted that, based on impressive growth across defense and intelligence segments, the company delivered first-quarter revenue and EBITDA figures that exceeded broader consensus projections. The company also increased its topline and gross margins forecast for FY27.

Goldman Sachs highlighted that Planet Labs’ prevailing valuation depicts an auspicious future. However, the mid-term profitability is still questionable despite promising long-term business growth.

Earlier on June 9, Planet Labs PBC (NYSE:PL) shared its involvement in the Atmospheric Impact of Reentered Spacecraft initiative, as a founding participant. This industry-academia partnership, which is being moderated by Astroscale Holdings, seeks to elevate scientific knowledge of how spacecraft reentry impacts Earth’s environment.

Planet’s Chief Space Officer, James Mason, stated that the company’s dedication towards a prominent global change involves accountability for the space atmosphere at every stage of a satellite’s lifecycle, including reentry. He continued that by offering data for this initiative, Planet is assisting the academic community in substituting evidence-based factual insights into the industry’s atmospheric impact for simulations.

Planet Labs PBC (NYSE:PL) offers Pelican, SuperDove, SkySat, and Tanager satellites for daily Earth imaging, high-resolution monitoring, and hyperspectral imaging. It also provides satellite services arrangements such as manufacturing, launch procurement, ground station infrastructure, and maintenance. It serves energy, forestry, agriculture, mapping, insurance, finance, and government sectors.

While we acknowledge the potential of PL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than PL and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the 5 Best Industrial Stocks With More Than 50% Upside.

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