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

Planet Labs PBC (NYSE:PL) had its price target raised by Needham & Company LLC to $40.00 in a research report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently commented on PL. Weiss Ratings reissued 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 target on shares of Planet Labs PBC in a research note on Tuesday, January 20th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Planet Labs PBC in a report on Thursday, December 11th. Northland Securities set a $28.00 price objective on shares of Planet Labs PBC in a research note on Tuesday, January 13th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Planet Labs PBC from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Six 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $26.43.

Planet Labs PBC Stock Performance

NYSE PL opened at $33.75 on Friday. The stock has a market capitalization of $10.59 billion, a price-to-earnings ratio of -43.27 and a beta of 1.95. The business’s 50 day moving average is $25.17 and its two-hundred day moving average is $18.00. Planet Labs PBC has a 12-month low of $2.79 and a 12-month high of $36.28. The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 2.37.

Planet Labs PBC (NYSE:PL) last posted its quarterly earnings results on Thursday, March 19th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate 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. Planet Labs PBC’s quarterly revenue was up 41.1% on a year-over-year basis. Research analysts expect that Planet Labs PBC will post -0.37 EPS for the current year.

Insider Buying and Selling

In other Planet Labs PBC 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 transaction, the director directly owned 222,897 shares in the company, valued at approximately $6,009,303.12. This represents a 17.67% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert H. Schingler sold 73,782 shares of the firm’s stock in a transaction dated 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 sale, the insider directly owned 1,164,729 shares in the company, valued at $22,537,506.15. This represents a 5.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 292,348 shares of company stock worth $7,323,958 in the last ninety days. 17.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Planet Labs PBC

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