Planet Labs PBC (NYSE:PL) Reaches New 1-Year High on Analyst Upgrade

Planet Labs PBC (NYSE:PL) hit a new 52-week high during trading on Friday after Wedbush raised their price target on the stock from $30.00 to $40.00. Wedbush currently has an outperform 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 changing hands. The stock had previously closed at $26.96.

A number of other equities research analysts also recently weighed in on PL. Needham & Company LLC lifted their target price on Planet Labs PBC to $40.00 and gave the stock a “buy” rating in a report on Friday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Planet Labs PBC from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Planet Labs PBC in a research note on Thursday, December 11th. Northland Securities set a $28.00 price objective on shares of Planet Labs PBC in a report on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Planet Labs PBC in a report on Thursday, January 22nd. 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.61.

Insiders Place Their Bets

In other news, CFO Ashley F. Johnson sold 150,731 shares of the firm’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 sale, the chief financial officer directly owned 1,956,101 shares in the company, valued at approximately $52,834,288.01. This trade represents a 7.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Vijaya Gadde sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $26.77, for a total transaction of $535,400.00. Following the completion of the sale, the director owned 250,169 shares in the company, valued at $6,697,024.13. This represents a 7.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 292,348 shares of company stock worth $7,323,958. 17.53% of the stock is owned by company insiders.

Key Stories Impacting Planet Labs PBC

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

• Positive Sentiment: Q4 revenue beat and strong guidance — Planet reported Q4 revenue well above estimates and issued FY2027 guidance that topped Street forecasts, which is the principal catalyst for the rally. TipRanks Q4 Coverage
• Positive Sentiment: High FY27 revenue midpoint — Management guided to a FY2027 revenue midpoint (~$427.5M) implying ~39% growth, well above consensus (~$380M), which shifts the story from one-off beats to multi‑year growth expectations. Press Release
• Positive Sentiment: Profitability and cash-flow progress — For FY2026 Planet reported positive adjusted EBITDA and free cash flow (first time at scale), and a growing $900M backlog, supporting the investment case even as the company scales. Earnings Summary / Slide Deck
• Positive Sentiment: Analyst upgrades / price-target lifts — Several firms (e.g., Wedbush, Needham) raised targets to $40 and reiterated outperform/buy ratings, amplifying institutional support and helping buyer momentum. Benzinga: Analyst Moves TickerReport
• Neutral Sentiment: AI & partner narrative — Management highlighted AI integration (Google partnership; NVIDIA in‑orbit AI interest) as a potential demand multiplier for civil/commercial markets, a longer-term positive but with execution risk. Yahoo Finance: AI / NVIDIA
• Neutral Sentiment: Operational expansion and technical setup — The company launched satellites and plans to double manufacturing capacity; technical analysts are watching for a breakout above key resistance. FXEmpire: Technical Outlook
• Negative Sentiment: Earnings-per-share confusion / accounting misses — Some reports showed an EPS miss (company-level or GAAP measures diverging from adjusted results), which can unsettle fundamentals-focused investors. Earnings Details
• Negative Sentiment: Valuation and near-term profitability tradeoffs — Market cap now exceeds $10B and forward multiples are rich; management expects FY2027 adjusted EBITDA to be lower (near $0–$10M) as it invests to fulfill a multi-year backlog, creating execution and valuation risk if growth slips. Invezz: Valuation / Strategy

Institutional Trading of Planet Labs PBC

Institutional investors and hedge funds have recently bought and sold shares of the stock. New York State Common Retirement Fund increased its stake in shares of Planet Labs PBC by 45.3% in the third quarter. New York State Common Retirement Fund now owns 202,384 shares of the company’s stock valued at $2,627,000 after buying an additional 63,088 shares during the period. Divisadero Street Capital Management LP acquired a new position in shares of Planet Labs PBC in the third quarter worth approximately $13,564,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Planet Labs PBC in the second quarter worth approximately $1,947,000. Oppenheimer & Co. Inc. boosted its holdings in Planet Labs PBC by 74.1% in the third quarter. Oppenheimer & Co. Inc. now owns 2,002,184 shares of the company’s stock valued at $25,988,000 after acquiring an additional 851,937 shares during the last quarter. Finally, Ranger Investment Management L.P. bought a new stake in Planet Labs PBC in the third quarter valued at approximately $2,688,000. 41.71% of the stock is currently owned by institutional investors and hedge funds.

Planet Labs PBC Price Performance

The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 1.28. The business’s 50-day simple moving average is $24.95 and its two-hundred day simple moving average is $17.65. The firm has a market cap of $10.89 billion, a price-to-earnings ratio of -82.86 and a beta of 1.95.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings results on Thursday, March 19th. The company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.43). Planet Labs PBC had a negative return on equity of 31.01% and a negative net margin of 45.87%.The firm had revenue of $86.82 million during the quarter, compared to analyst estimates of $78.17 million. The business’s quarterly revenue was up 41.1% on a year-over-year basis. As a group, research analysts expect that Planet Labs PBC will post -0.37 EPS for the current fiscal 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.