Planet Labs PBC (NYSE:PL) Trading 13.4% Higher After Analyst Upgrade

Planet Labs PBC (NYSE:PL) shot up 13.4% during trading on Wednesday after Morgan Stanley raised their price target on the stock from $26.00 to $35.00. Morgan Stanley currently has an equal weight rating on the stock. Planet Labs PBC traded as high as $36.16 and last traded at $36.10. 7,158,984 shares traded hands during trading, a decline of 46% from the average session volume of 13,336,483 shares. The stock had previously closed at $31.83.

Other equities research analysts have also recently issued reports about the stock. Cantor Fitzgerald raised their price objective on shares of Planet Labs PBC from $20.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 20th. Zacks Research upgraded shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Planet Labs PBC in a report on Thursday, January 22nd. Northland Securities set a $28.00 price target on shares of Planet Labs PBC in a report on Tuesday, January 13th. Finally, Citigroup lifted their price target on shares of Planet Labs PBC from $19.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Planet Labs PBC currently has an average rating of “Hold” and an average price target of $27.25.

Insider Activity at Planet Labs PBC

In related news, Director Vijaya Gadde sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 22nd. The shares were sold at an average price of $26.77, for a total value of $535,400.00. Following the sale, the director directly owned 250,169 shares in the company, valued at approximately $6,697,024.13. The trade was a 7.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ashley F. Johnson sold 150,731 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $27.01, for a total transaction of $4,071,244.31. Following the completion of the transaction, the chief financial officer directly owned 1,956,101 shares in the company, valued at $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 a total of 292,348 shares of company stock valued at $7,323,958 in the last quarter. Corporate insiders own 17.53% of the company’s stock.

More Planet Labs PBC News

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

Institutional Trading of Planet Labs PBC

Several institutional investors have recently added to or reduced their stakes in PL. Vanguard Group Inc. raised its position in Planet Labs PBC by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 19,358,515 shares of the company’s stock valued at $381,750,000 after purchasing an additional 806,818 shares during the period. Canada Pension Plan Investment Board grew its stake in shares of Planet Labs PBC by 0.3% in the second quarter. Canada Pension Plan Investment Board now owns 7,820,400 shares of the company’s stock valued at $47,704,000 after buying an additional 20,400 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Planet Labs PBC by 320.3% in the fourth quarter. Van ECK Associates Corp now owns 7,678,938 shares of the company’s stock valued at $151,429,000 after buying an additional 5,851,758 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Planet Labs PBC by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 5,702,642 shares of the company’s stock valued at $112,475,000 after buying an additional 71,381 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Planet Labs PBC by 7.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,137,871 shares of the company’s stock valued at $81,599,000 after buying an additional 301,757 shares during the period. Institutional investors and hedge funds own 41.71% of the company’s stock.

Planet Labs PBC Trading Up 10.7%

The company has a 50 day moving average of $25.63 and a 200-day moving average of $18.49. The stock has a market cap of $11.05 billion, a price-to-earnings ratio of -45.17 and a beta of 1.95. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.64 and a current ratio of 1.65.

Planet Labs PBC (NYSE:PL) last released its 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). The firm had revenue of $86.82 million during the quarter, compared to analyst estimates of $78.17 million. Planet Labs PBC had a negative net margin of 80.22% and a negative return on equity of 69.61%. The firm’s quarterly revenue was up 41.1% on a year-over-year basis. On average, research analysts anticipate that Planet Labs PBC will post -0.37 earnings per share 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.