Top 10 AI Stocks Dominating Wall Street

7. Planet Labs PBC (NYSE:PL)

Number of Hedge Fund Holders: 8

Planet Labs PBC (NYSE:PL) is a leading provider of satellite imaging services, known for its extensive image archives and emphasis on AI-powered solutions. On January 24, Cantor Fitzgerald analyst Colin Canfield initiated coverage of Planet Labs with an “Overweight” rating and a $6.30 price target. In its initiation of Planet Labs, the firm stated that it is bullish on the satellite imaging company. The analyst told investors in a research note that the rising value of AI-driven data and growing defense and climate threats will provide the necessary boost to Planet Labs’ growth and profit margins. In the long run, the firm also sees the company selling its data to military and government agencies.

“AI-derived data price accretion, acceleration of defense/climate threats drives growth, margins.”