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

Planet Labs PBC (NYSE:PL)’s stock price reached a new 52-week high during mid-day trading on Thursday 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 $37.05 and last traded at $35.2330, with a volume of 24826103 shares traded. The stock had previously closed at $31.83.

PL has been the subject of a number of other research reports. Northland Securities set a $28.00 price target on Planet Labs PBC in a research report 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. Needham & Company LLC boosted their price objective on shares of Planet Labs PBC to $40.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Zacks Research raised shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Deutsche Bank Aktiengesellschaft increased their target price 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 equities research 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 MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.25.

Insider Buying and Selling

In related news, Director Kristen Robinson sold 47,835 shares of the firm’s stock in a transaction on 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 transaction, the director directly owned 222,897 shares of the company’s stock, valued at approximately $6,009,303.12. This trade represents a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ashley F. Johnson sold 150,731 shares of the business’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $27.01, for a total transaction of $4,071,244.31. Following the transaction, the chief financial officer owned 1,956,101 shares in the company, valued at approximately $52,834,288.01. The trade was a 7.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 292,348 shares of company stock worth $7,323,958 over the last 90 days. Company insiders own 17.53% of the company’s stock.

Key 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 Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of Planet Labs PBC by 320.3% during the 4th quarter. Van ECK Associates Corp now owns 7,678,938 shares of the company’s stock worth $151,429,000 after purchasing an additional 5,851,758 shares during the last quarter. Barclays PLC lifted its stake in Planet Labs PBC by 758.1% in the 3rd quarter. Barclays PLC now owns 3,727,743 shares of the company’s stock valued at $48,386,000 after purchasing an additional 3,293,333 shares during the last quarter. Invesco Ltd. lifted its stake in Planet Labs PBC by 265.6% in the 3rd quarter. Invesco Ltd. now owns 3,450,479 shares of the company’s stock valued at $44,787,000 after purchasing an additional 2,506,595 shares during the last quarter. Two Sigma Investments LP grew its holdings in Planet Labs PBC by 257.5% during the third quarter. Two Sigma Investments LP now owns 2,362,275 shares of the company’s stock worth $30,662,000 after purchasing an additional 1,701,535 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Planet Labs PBC by 9.7% during the third quarter. Vanguard Group Inc. now owns 18,551,697 shares of the company’s stock worth $240,801,000 after purchasing an additional 1,637,880 shares during the period. Institutional investors own 41.71% of the company’s stock.

Planet Labs PBC Trading Up 10.7%

The business has a 50-day simple moving average of $25.63 and a two-hundred day simple 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 current ratio of 1.65 and a quick ratio of 1.64.

Planet Labs PBC (NYSE:PL) last released its quarterly earnings data on Thursday, March 19th. The company reported ($0.48) earnings per share (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 the consensus estimate of $78.17 million. The business’s revenue for the quarter was up 41.1% compared to the same quarter last year. Equities analysts forecast that Planet Labs PBC will post -0.37 EPS for the current fiscal year.

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.