Planet Labs Stock Is Down 67% From Its High. Time To Buy?

Key Points The current sell-off began in May and shows no signs of ending. Growth is slowing but should still remain robust as no other company photographs the surface of the planet daily. 10 stocks we like better than Planet Labs PBC › Planet Labs (NYSE: PL) stock had been on a meteoric rise amid its rapid growth and high demand for its up-to-date Earth images. Unfortunately, after peaking in May, the stock reversed course and gave up about 67% of its value. Despite the decline, the sell-off has continued and shows no obvious signs of bottoming. Amid those conditions, should investors begin to buy or remain on the sidelines? Missed AI’s "Act 1"? Act 2 Could Be 15x Bigger.