Morgan Stanley Issues Positive Forecast for Planet Labs PBC (NYSE:PL) Stock Price

Planet Labs PBC (NYSE:PL) had its price target lifted by Morgan Stanley from $26.00 to $35.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Wedbush lifted their price target on shares of Planet Labs PBC from $30.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, March 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Planet Labs PBC in a report on Thursday, January 22nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.40 price objective on shares of Planet Labs PBC in a report on Tuesday, January 20th. Craig Hallum reiterated a “buy” rating and set a $30.00 target price on shares of Planet Labs PBC in a research report on Tuesday, January 13th. Finally, Zacks Research raised Planet Labs PBC from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $27.25.

Planet Labs PBC Stock Performance

Shares of PL opened at $35.23 on Wednesday. The company has a 50-day simple moving average of $25.63 and a 200-day simple moving average of $18.49. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $11.05 billion, a PE ratio of -45.17 and a beta of 1.95. Planet Labs PBC has a 52-week low of $2.79 and a 52-week high of $37.05.

Planet Labs PBC (NYSE:PL) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.48) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.43). Planet Labs PBC had a negative return on equity of 69.61% and a negative net margin of 80.22%.The company had revenue of $86.82 million for the quarter, compared to analysts’ expectations of $78.17 million. Planet Labs PBC’s quarterly revenue was up 41.1% compared to the same quarter last year. Equities research analysts predict that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling at Planet Labs PBC

In related news, insider Robert H. Schingler sold 73,782 shares of Planet Labs PBC stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $19.35, for a total transaction of $1,427,681.70. Following the completion of the transaction, the insider directly owned 1,164,729 shares in the company, valued at $22,537,506.15. The trade was a 5.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ashley F. Johnson sold 150,731 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $27.01, for a total value of $4,071,244.31. Following the completion of the sale, the chief financial officer directly owned 1,956,101 shares in the company, valued at approximately $52,834,288.01. The trade was a 7.15% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 292,348 shares of company stock valued at $7,323,958 over the last three months. Company insiders own 17.53% of the company’s stock.

Hedge Funds Weigh In On Planet Labs PBC

Institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its position in shares of Planet Labs PBC by 92.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock valued at $31,000 after acquiring an additional 745 shares in the last quarter. MCF Advisors LLC acquired a new stake in shares of Planet Labs PBC during the third quarter valued at $32,000. Baillie Gifford & Co. purchased a new stake in Planet Labs PBC during the 4th quarter worth about $32,000. Larson Financial Group LLC acquired a new position in Planet Labs PBC in the 3rd quarter valued at about $39,000. Finally, GAMMA Investing LLC lifted its holdings in Planet Labs PBC by 146.4% in the 4th quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock valued at $40,000 after purchasing an additional 1,195 shares in the last quarter. 41.71% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Planet Labs PBC

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

• Positive Sentiment: Planet is hiring to operationalize a new Berlin satellite manufacturing facility, marking a concrete step in its European expansion and capacity buildout that should support growth and supply reliability. Planet Labs PBC Accelerates European Expansion
• Positive Sentiment: Company commentary and press coverage highlight strong recent results: record quarterly revenue, a sizeable backlog and the first full-year adjusted EBITDA profitability — indicators of improving unit economics and higher revenue visibility. You’re Up 150% On Planet Labs, What To Do Now?
• Positive Sentiment: Broader space-sector momentum (and speculation around a potential SpaceX IPO) is drawing investor interest to space stocks like Planet Labs, boosting sentiment and fund flows into the group. Is 2026 the Year of Space Stocks?
• Positive Sentiment: Media coverage points out Planet’s strong YTD performance and leadership within industrials, underscoring momentum that can attract momentum-driven and institutional buyers. Planet Labs (PL) Stock Leads Industrial Sector
• Neutral Sentiment: Morgan Stanley raised its price target from $26 to $35 but kept an “equal weight” rating; the new target sits near the current market price, providing validation for recent gains but offering limited near-term upside from this particular call. Morgan Stanley Raises Planet Labs Target to $35

About Planet Labs PBC

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.