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

Planet Labs PBC (NYSE:PL) had its price target increased by Cantor Fitzgerald from $20.00 to $40.00 in a research report released on Friday,Benzinga reports. They currently have an overweight rating on the stock.

Several other research analysts also recently issued reports on PL. Morgan Stanley raised their price objective on shares of Planet Labs PBC from $20.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 13th. Northland Securities set a $28.00 target price on shares of Planet Labs PBC in a report on Tuesday, January 13th. Needham & Company LLC increased their target price on shares of Planet Labs PBC to $40.00 and gave the stock a “buy” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft raised their price target on Planet Labs PBC from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $16.40 price target on shares of Planet Labs PBC in a research report on Tuesday, January 20th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $26.43.

Planet Labs PBC Price Performance

PL stock opened at $33.75 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 2.37. The company has a market capitalization of $10.59 billion, a P/E ratio of -43.27 and a beta of 1.95. The business has a 50 day simple moving average of $25.17 and a 200-day simple moving average of $18.00. Planet Labs PBC has a twelve month low of $2.79 and a twelve month high of $36.28.

Planet Labs PBC (NYSE:PL) last announced its earnings results 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 net margin of 80.22% and a negative return on equity of 69.61%. The business had revenue of $86.82 million during the quarter, compared to analyst estimates of $78.17 million. The firm’s revenue for the quarter was up 41.1% on a year-over-year basis. As a group, equities analysts anticipate that Planet Labs PBC will post -0.37 EPS for the current year.

Insider Activity

In other Planet Labs PBC news, Director Vijaya Gadde sold 20,000 shares of the company’s stock in a transaction 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 transaction, the director owned 250,169 shares in the company, valued at approximately $6,697,024.13. This represents a 7.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert H. Schingler sold 73,782 shares of the firm’s stock in a transaction 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 sale, the insider owned 1,164,729 shares of the company’s stock, valued at $22,537,506.15. This trade represents a 5.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 292,348 shares of company stock valued at $7,323,958. 17.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Planet Labs PBC

A number of hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its holdings in Planet Labs PBC by 92.5% in 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 acquired a new position in Planet Labs PBC during the 3rd quarter worth approximately $32,000. Baillie Gifford & Co. purchased a new position in shares of Planet Labs PBC during the 4th quarter worth approximately $32,000. Larson Financial Group LLC purchased a new position in shares of Planet Labs PBC during the 3rd quarter worth approximately $39,000. Finally, GAMMA Investing LLC lifted its holdings in shares of 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 buying an additional 1,195 shares during the period. Institutional investors and hedge funds own 41.71% of the company’s stock.

More Planet Labs PBC News

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.