Planet Labs PBC (NYSE:PL) Reaches New 12-Month High on Analyst Upgrade

Shares of Planet Labs PBC (NYSE:PL) reached a new 52-week high during trading on Friday after Cantor Fitzgerald raised their price target on the stock from $20.00 to $40.00. Cantor Fitzgerald currently has an overweight rating on the stock. Planet Labs PBC traded as high as $36.28 and last traded at $35.3270, with a volume of 11499118 shares trading hands. The stock had previously closed at $26.96.

Several other analysts have also recently issued reports on PL. Needham & Company LLC upped their target price on shares of Planet Labs PBC to $40.00 and gave the company a “buy” rating in a research report on Friday. Citigroup boosted their price objective on Planet Labs PBC from $19.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group restated a “neutral” rating and set a $16.40 price objective on shares of Planet Labs PBC in a research report on Tuesday, January 20th. National Bank Financial set a $12.30 target price on Planet Labs PBC in a report on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Planet Labs PBC from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Planet Labs PBC has a consensus rating of “Hold” and a consensus target price of $26.43.

Insider Activity at Planet Labs PBC

In other news, insider Robert H. Schingler sold 73,782 shares of the company’s stock in a transaction dated Friday, December 26th. The shares were sold at an average price of $19.35, for a total value of $1,427,681.70. Following the transaction, the insider directly owned 1,164,729 shares in the company, valued at approximately $22,537,506.15. This represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Vijaya Gadde sold 20,000 shares of Planet Labs PBC stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $26.77, for a total transaction of $535,400.00. Following the sale, the director owned 250,169 shares of the company’s stock, valued at $6,697,024.13. The trade was a 7.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 292,348 shares of company stock valued at $7,323,958 over the last ninety days. Company insiders own 17.53% of the company’s stock.

Planet Labs PBC News Roundup

Here are the key news stories impacting Planet Labs PBC this week:

• Positive Sentiment: Q4 revenue beat and stronger FY27 guidance — Planet reported Q4 revenue of $86.8M (above estimates) and issued FY2027 revenue guidance well above Street expectations, underpinning investor optimism about faster growth next year. Press Release
• Positive Sentiment: Stronger govt. demand and expanding backlog — Management highlighted robust government and defense demand (backlog up materially), and governments seeking greater satellite access, which supports recurring revenue visibility. WSJ Coverage
• Positive Sentiment: AI and partner initiatives — Planet emphasized AI-driven product opportunities and partnerships (including work tied to Google/NVIDIA in‑orbit AI themes) that could meaningfully expand civil and commercial demand. MarketWatch
• Positive Sentiment: Analyst upgrade momentum — Multiple firms raised ratings/targets (e.g., Wedbush, Cantor Fitzgerald, Needham boosted PTs toward $40) after the results, adding buy-side validation to the move. Proactive
• Neutral Sentiment: Strong market reaction / option activity — Heavy after‑hours buying and elevated call option volume show speculative and institutional interest, amplifying intraday price moves but not changing fundamentals by itself. Invezz
• Negative Sentiment: Mixed earnings metrics — While revenue beat, reported EPS/GAAP metrics were mixed (some sources note an EPS miss), creating ambiguity between GAAP results and adjusted metrics investors are using to value the story. MarketBeat
• Negative Sentiment: Profitability outlook and heavy investment needs — Management expects to invest (e.g., ramp satellite manufacturing) to fulfill backlog; FY27 adjusted EBITDA guidance implies near‑term margin pressure despite positive FCF last year. Press Release
• Negative Sentiment: Rich valuation — The rally leaves PL with a large market cap and elevated forward multiples, increasing sensitivity to execution risk and any guide-downs. Invezz

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Parkside Financial Bank & Trust raised its position in Planet Labs PBC by 92.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock valued at $31,000 after purchasing an additional 745 shares in the last quarter. MCF Advisors LLC bought a new position in shares of Planet Labs PBC during the 3rd quarter worth $32,000. Baillie Gifford & Co. bought a new position in shares of Planet Labs PBC during the 4th quarter worth $32,000. Larson Financial Group LLC purchased a new position in shares of Planet Labs PBC during the third quarter valued at $39,000. Finally, GAMMA Investing LLC increased its stake in shares of Planet Labs PBC by 146.4% during the fourth quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock valued at $40,000 after buying an additional 1,195 shares during the period. Institutional investors own 41.71% of the company’s stock.

Planet Labs PBC Price Performance

The firm has a fifty day moving average of $25.17 and a two-hundred day moving average of $17.84. The stock has a market capitalization of $10.59 billion, a P/E ratio of -43.27 and a beta of 1.95. The company has a debt-to-equity ratio of 1.28, a current ratio of 4.00 and a quick ratio of 4.00.

Planet Labs PBC (NYSE:PL) last announced its quarterly earnings results on Thursday, March 19th. The company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.43). Planet Labs PBC had a negative return on equity of 60.21% and a negative net margin of 80.22%.The business had revenue of $86.82 million during the quarter, compared to analysts’ expectations of $78.17 million. The firm’s revenue was up 41.1% on a year-over-year basis. On average, analysts predict that Planet Labs PBC will post -0.37 EPS for the current year.

Planet Labs PBC Company Profile

Planet Labs PBC is a public benefit corporation that operates one of the largest fleets of Earth-imaging satellites, providing high-frequency, high-resolution imagery and data analytics to a broad range of industries. The company’s multi-spectral satellite constellation captures daily snapshots of the planet, enabling clients to monitor changes in agriculture, forestry, urban development, energy infrastructure and environmental conditions. Planet’s imagery platform is designed to support timely decision-making by transforming raw satellite data into actionable insights for business and government users.

Founded in 2010 by former NASA scientists Will Marshall, Robbie Schingler and Chris Boshuizen, Planet Labs grew from a small startup into a key provider in the satellite imaging sector.