Planet Labs PBC (NYSE:PL) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Planet Labs PBC (NYSE:PL) had its price objective boosted by stock analysts at Morgan Stanley from $26.00 to $35.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 8.34% from the company’s previous close.

Several other equities analysts have also recently commented on the company. Craig Hallum reaffirmed a “buy” rating and issued a $30.00 price target on shares of Planet Labs PBC in a report on Tuesday, January 13th. Northland Securities set a $28.00 price objective on Planet Labs PBC in a report on Tuesday, January 13th. Weiss Ratings restated a “sell (d-)” rating on shares of Planet Labs PBC in a research report on Thursday, January 22nd. Citigroup upped their target price on Planet Labs PBC from $19.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Needham & Company LLC raised their target price on Planet Labs PBC to $40.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Six 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 data from MarketBeat.com, Planet Labs PBC currently has an average rating of “Hold” and a consensus price target of $27.25.

Planet Labs PBC Stock Performance

NYSE:PL opened at $32.31 on Wednesday. The firm’s 50-day moving average is $25.71 and its 200-day moving average is $18.58. Planet Labs PBC has a 52-week low of $2.79 and a 52-week high of $37.05. 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 company has a market cap of $10.13 billion, a price-to-earnings ratio of -41.42 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) 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 company had revenue of $86.82 million for the quarter, compared to analyst estimates of $78.17 million. The firm’s quarterly revenue was up 41.1% compared to the same quarter last year. Equities research analysts anticipate that Planet Labs PBC will post -0.37 earnings per share for the current year.

Insiders Place Their Bets

In other Planet Labs PBC news, Director Kristen Robinson sold 47,835 shares of Planet Labs PBC stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $26.96, for a total transaction of $1,289,631.60. Following the sale, the director directly owned 222,897 shares of the company’s stock, valued at approximately $6,009,303.12. The trade was a 17.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Ashley F. Johnson sold 150,731 shares of the company’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 completion of the sale, the chief financial officer owned 1,956,101 shares in the company, valued at approximately $52,834,288.01. This represents a 7.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 218,566 shares of company stock worth $5,896,276 over the last quarter. Company insiders own 17.53% of the company’s stock.

Institutional Trading of Planet Labs PBC

A number of large investors have recently bought and sold shares of the stock. Parkside Financial Bank & Trust raised its stake 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 in the last quarter. Baillie Gifford & Co. acquired a new stake in shares of Planet Labs PBC in the 4th quarter valued at $32,000. GAMMA Investing LLC grew 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 worth $40,000 after purchasing an additional 1,195 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Planet Labs PBC by 1,111.1% during the 4th quarter. North Star Investment Management Corp. now owns 2,180 shares of the company’s stock worth $43,000 after purchasing an additional 2,000 shares in the last quarter. Finally, MCF Advisors LLC acquired a new stake in shares of Planet Labs PBC during the 3rd quarter worth about $32,000. 41.71% of the stock is currently owned by institutional investors.

Trending Headlines about Planet Labs PBC

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

• Positive Sentiment: European manufacturing expansion — Planet has started recruiting to staff a new Berlin satellite‑manufacturing facility, a concrete step toward scaling production and shortening delivery timelines. Article Title
• Positive Sentiment: All‑time/high breakout tied to Europe expansion and sector momentum — coverage notes Planet “rocketed” to an all‑time high as investors rewarded the European buildout and broader optimism in space stocks. Article Title
• Positive Sentiment: Analyst / media recognition — Planet was cited as a top space‑stock to watch and flagged in thematic pieces that boost institutional interest and flows. Article Title
• Positive Sentiment: Analyst target moves and upgrades have supported momentum — media reported an analyst upgrade / 1‑year‑high note that helped fuel the rally. Article Title
• Neutral Sentiment: Morgan Stanley raised its price target to $35 but left an “equal weight” rating — the higher target is constructive for upside, but the neutral rating tempers the buy‑side endorsement. Article Title
• Negative Sentiment: Earnings overhang remains — the company recently reported a sizable EPS miss despite solid revenue growth and margin improvements; that mixed fundamental print can prompt short‑term profit‑taking after a big run.

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.