Planet Labs PBC (NYSE:PL) Price Target Raised to $40.00

Planet Labs PBC (NYSE:PL) had its target price increased by Wedbush from $30.00 to $40.00 in a report published on Friday morning,Benzinga reports. They currently have an outperform rating on the stock.

Other equities analysts also recently issued reports about the stock. Morgan Stanley raised their price target on shares of Planet Labs PBC from $20.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. Northland Securities set a $28.00 price objective on shares of Planet Labs PBC in a research note on Tuesday, January 13th. Craig Hallum reiterated a “buy” rating and issued a $30.00 price objective on shares of Planet Labs PBC in a report on Tuesday, January 13th. Cantor Fitzgerald reissued an “overweight” rating on shares of Planet Labs PBC in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $16.40 target price on shares of Planet Labs PBC in a report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Planet Labs PBC has a consensus rating of “Hold” and a consensus price target of $26.43.

Planet Labs PBC Stock Up 25.2%

Shares of PL opened at $33.75 on Friday. The stock has a 50 day moving average price of $25.17 and a 200 day moving average price of $18.00. Planet Labs PBC has a one year low of $2.79 and a one year high of $36.28. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.64 and a current ratio of 1.65. The stock has a market capitalization of $10.59 billion, a price-to-earnings ratio of -43.27 and a beta of 1.95.

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

Insider Activity

In related news, Director Kristen Robinson sold 47,835 shares of the company’s stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $26.96, for a total value of $1,289,631.60. Following the completion of the sale, the director owned 222,897 shares of the company’s stock, valued at approximately $6,009,303.12. This represents a 17.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Vijaya Gadde sold 20,000 shares of the firm’s stock in a transaction dated Thursday, January 22nd. The stock was 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 approximately $6,697,024.13. The trade was a 7.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 292,348 shares of company stock worth $7,323,958. Company insiders own 17.53% of the company’s stock.

Institutional Trading of Planet Labs PBC

A number of hedge funds and other institutional investors have recently made changes to their positions in PL. AQR Capital Management LLC lifted its holdings in Planet Labs PBC by 671.1% in the first quarter. AQR Capital Management LLC now owns 92,693 shares of the company’s stock valued at $313,000 after acquiring an additional 80,672 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Planet Labs PBC during the first quarter worth $189,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Planet Labs PBC by 6.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 130,798 shares of the company’s stock worth $442,000 after acquiring an additional 8,143 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Planet Labs PBC by 54.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company’s stock valued at $6,274,000 after purchasing an additional 653,173 shares during the period. Finally, Thompson Davis & CO. Inc. acquired a new position in shares of Planet Labs PBC in the 2nd quarter valued at $121,000. Institutional investors and hedge funds own 41.71% of the company’s stock.

Key Headlines Impacting Planet Labs PBC

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

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.