Planet Labs PBC (NYSE:PL) Receives $6.86 Consensus PT from Analysts

Planet Labs PBC (NYSE:PL) has received an average rating of “Moderate Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $7.56.

A number of equities analysts recently commented on PL shares. Wall Street Zen upgraded Planet Labs PBC from a “sell” rating to a “hold” rating in a report on Friday, June 6th. The Goldman Sachs Group began coverage on shares of Planet Labs PBC in a research report on Monday, June 30th. They set a “neutral” rating and a $4.60 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $8.50 price objective (up previously from $6.30) on shares of Planet Labs PBC in a report on Tuesday, June 24th. Wedbush increased their target price on shares of Planet Labs PBC from $5.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, June 5th. Finally, JMP Securities raised their price target on shares of Planet Labs PBC from $8.00 to $11.00 and gave the company a “market outperform” rating in a research report on Tuesday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in shares of Planet Labs PBC by 101.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,013,845 shares of the company’s stock valued at $8,140,000 after purchasing an additional 1,013,234 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Planet Labs PBC by 18.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 84,803 shares of the company’s stock worth $343,000 after purchasing an additional 13,414 shares during the last quarter. Northern Trust Corp grew its stake in shares of Planet Labs PBC by 8.0% during the fourth quarter. Northern Trust Corp now owns 1,966,504 shares of the company’s stock worth $7,945,000 after purchasing an additional 145,123 shares in the last quarter. Algert Global LLC purchased a new position in Planet Labs PBC in the fourth quarter valued at $490,000. Finally, BNP Paribas Financial Markets purchased a new position in Planet Labs PBC in the fourth quarter valued at $110,000. 41.71% of the stock is owned by institutional investors and hedge funds.

Planet Labs PBC Stock Down 0.8%

Shares of NYSE PL opened at $8.95 on Monday. The business’s 50 day moving average is $6.79 and its two-hundred day moving average is $5.03. Planet Labs PBC has a 52-week low of $1.84 and a 52-week high of $9.71. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of -29.82 and a beta of 1.81.

Planet Labs PBC (NYSE:PL) last released its quarterly earnings results on Monday, September 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Planet Labs PBC had a negative return on equity of 20.25% and a negative net margin of 34.46%.The firm had revenue of $73.39 million for the quarter, compared to analysts’ expectations of $65.88 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. Analysts anticipate that Planet Labs PBC will post -0.37 EPS for the current fiscal year.

Planet Labs PBC Company Profile

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company’s platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.