Planet Labs PBC (NYSE:PL) Reaches New 52-Week High After Analyst Upgrade

Planet Labs PBC (NYSE:PL) shares hit a new 52-week high during trading on Friday after Wedbush raised their price target on the stock from $30.00 to $40.00. Wedbush currently has an outperform rating on the stock. Planet Labs PBC traded as high as $36.28 and last traded at $35.3270, with a volume of 11499118 shares changing hands. The stock had previously closed at $26.96.

PL has been the topic of several other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Planet Labs PBC in a research report on Thursday, January 22nd. Craig Hallum reissued a “buy” rating and issued a $30.00 price target on shares of Planet Labs PBC in a research note on Tuesday, January 13th. Zacks Research upgraded Planet Labs PBC from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Needham & Company LLC raised 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. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Planet Labs PBC from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.61.

Insider Transactions at Planet Labs PBC

In other Planet Labs PBC news, Director Kristen Robinson sold 47,835 shares of the stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $26.96, for a total value of $1,289,631.60. Following the transaction, the director owned 222,897 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Ashley F. Johnson sold 150,731 shares of the firm’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 directly owned 1,956,101 shares of the company’s stock, valued at $52,834,288.01. This trade represents a 7.15% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 292,348 shares of company stock valued at $7,323,958 in the last 90 days. Corporate insiders own 17.53% 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 strong guidance — Planet reported Q4 revenue well above estimates and issued FY2027 guidance that topped Street forecasts, which is the principal catalyst for the rally. TipRanks Q4 Coverage
• Positive Sentiment: High FY27 revenue midpoint — Management guided to a FY2027 revenue midpoint (~$427.5M) implying ~39% growth, well above consensus (~$380M), which shifts the story from one-off beats to multi‑year growth expectations. Press Release
• Positive Sentiment: Profitability and cash-flow progress — For FY2026 Planet reported positive adjusted EBITDA and free cash flow (first time at scale), and a growing $900M backlog, supporting the investment case even as the company scales. Earnings Summary / Slide Deck
• Positive Sentiment: Analyst upgrades / price-target lifts — Several firms (e.g., Wedbush, Needham) raised targets to $40 and reiterated outperform/buy ratings, amplifying institutional support and helping buyer momentum. Benzinga: Analyst Moves TickerReport
• Neutral Sentiment: AI & partner narrative — Management highlighted AI integration (Google partnership; NVIDIA in‑orbit AI interest) as a potential demand multiplier for civil/commercial markets, a longer-term positive but with execution risk. Yahoo Finance: AI / NVIDIA
• Neutral Sentiment: Operational expansion and technical setup — The company launched satellites and plans to double manufacturing capacity; technical analysts are watching for a breakout above key resistance. FXEmpire: Technical Outlook
• Negative Sentiment: Earnings-per-share confusion / accounting misses — Some reports showed an EPS miss (company-level or GAAP measures diverging from adjusted results), which can unsettle fundamentals-focused investors. Earnings Details
• Negative Sentiment: Valuation and near-term profitability tradeoffs — Market cap now exceeds $10B and forward multiples are rich; management expects FY2027 adjusted EBITDA to be lower (near $0–$10M) as it invests to fulfill a multi-year backlog, creating execution and valuation risk if growth slips. Invezz: Valuation / Strategy

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Parkside Financial Bank & Trust increased its position in shares of Planet Labs PBC by 92.5% during 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 during the last quarter. MCF Advisors LLC bought a new position in Planet Labs PBC during the third quarter valued at about $32,000. Baillie Gifford & Co. purchased a new stake in Planet Labs PBC during the fourth quarter worth about $32,000. Larson Financial Group LLC bought a new stake in Planet Labs PBC in the third quarter worth about $39,000. Finally, GAMMA Investing LLC raised its position in Planet Labs PBC by 146.4% in the fourth quarter. GAMMA Investing LLC now owns 2,011 shares of the company’s stock worth $40,000 after acquiring an additional 1,195 shares during the period. 41.71% of the stock is currently owned by institutional investors and hedge funds.

Planet Labs PBC Trading Up 28.7%

The stock’s 50 day simple moving average is $24.95 and its two-hundred day simple moving average is $17.65. The stock has a market capitalization of $10.89 billion, a PE ratio of -82.86 and a beta of 1.95. The company has a debt-to-equity ratio of 1.28, a current ratio of 4.00 and a quick ratio of 4.00.

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 analysts’ consensus estimates of ($0.05) by ($0.43). Planet Labs PBC had a negative return on equity of 31.01% and a negative net margin of 45.87%.The company had revenue of $86.82 million during the quarter, compared to the consensus estimate of $78.17 million. The firm’s revenue was up 41.1% on a year-over-year basis. On average, sell-side analysts expect that Planet Labs PBC will post -0.37 EPS for the current 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.