Planet Labs PBC (NYSE:PL) Price Target Raised to $40.00 at Needham & Company LLC

Planet Labs PBC (NYSE:PL) had its target price upped by stock analysts at Needham & Company LLC from $35.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Needham & Company LLC’s target price would indicate a potential upside of 47.75% from the stock’s current price.

A number of other brokerages also recently weighed in on PL. Zacks Research upgraded Planet Labs PBC from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Wedbush raised their price objective on Planet Labs PBC from $20.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Craig Hallum reiterated a “buy” rating and issued a $30.00 target price on shares of Planet Labs PBC in a report on Tuesday, January 13th. Cantor Fitzgerald restated an “overweight” rating on shares of Planet Labs PBC in a report on Thursday, December 11th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $16.40 price objective on shares of Planet Labs PBC in a research note on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $23.52.

Planet Labs PBC Stock Performance

Planet Labs PBC stock opened at $27.07 on Friday. Planet Labs PBC has a fifty-two week low of $2.79 and a fifty-two week high of $30.90. The firm’s 50 day simple moving average is $24.95 and its 200-day simple moving average is $17.65. The company has a debt-to-equity ratio of 1.28, a current ratio of 4.00 and a quick ratio of 4.00. The company has a market cap of $8.49 billion, a P/E ratio of -64.46 and a beta of 1.95.

Planet Labs PBC (NYSE:PL) last posted 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 return on equity of 31.01% and a negative net margin of 45.87%.The firm 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 research analysts predict that Planet Labs PBC will post -0.37 EPS for the current year.

Insider Transactions at Planet Labs PBC

In related news, Director Vijaya Gadde sold 20,000 shares of the stock in a transaction that occurred on Thursday, January 22nd. The stock was sold at an average price of $26.77, for a total value of $535,400.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Robert H. Schingler sold 73,782 shares of the firm’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $19.35, for a total transaction of $1,427,681.70. Following the transaction, the insider directly owned 1,164,729 shares in the company, valued at approximately $22,537,506.15. The trade was a 5.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 292,348 shares of company stock valued at $7,323,958 over the last 90 days. Company insiders own 17.53% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Parkside Financial Bank & Trust lifted its stake in shares of 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 during the last quarter. MCF Advisors LLC acquired a new position in Planet Labs PBC during the third quarter worth $32,000. Baillie Gifford & Co. bought a new position in Planet Labs PBC during the fourth quarter valued at about $32,000. Larson Financial Group LLC bought a new position in Planet Labs PBC during the third quarter valued at about $39,000. Finally, GAMMA Investing LLC lifted its position in shares of 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 buying an additional 1,195 shares during the last quarter. Institutional investors own 41.71% of the company’s stock.

Planet Labs PBC News Roundup

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

• Positive Sentiment: Revenue and guidance beats — Q4 revenue came in above estimates (≈$86.8M, +41% YoY) and management issued a FY2027 revenue midpoint implying ~39% growth, well above consensus; investors are rewarding the stronger top‑line outlook. Why is Planet Labs’ stock soaring?
• Positive Sentiment: AI and strategic partnerships — Planet highlighted AI integration opportunities (including Google R&D ties and in‑orbit AI discussions) as a demand multiplier for civil/commercial customers, supporting a re‑rating of growth expectations. Planet Labs’ stock soars as the satellite company says AI will unlock more business
• Positive Sentiment: Backlog and cash flow improvements — Management reported a materially larger backlog (~$900M, +77% YoY) and positive full‑year adjusted EBITDA and free cash flow for FY2026, lending credibility to durable revenue streams. Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2026
• Neutral Sentiment: Operational progress — Fleet expansion (satellite launches, manufacturing capacity plans) and new deals were reiterated, supporting long‑term growth but requiring near‑term investment. Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2026
• Neutral Sentiment: Mixed EPS / accounting signals — Different outlets noted varying EPS presentations (adjusted break‑even vs. some GAAP misses), so headline profitability depends on which metric investors focus on. Planet Labs PBC (PL) Reports Break-Even Earnings for Q4
• Negative Sentiment: Profitability pressure ahead — Management guided to a lower adjusted EBITDA range for FY2027 (flat to low single‑digit millions) as it scales to fulfill backlog, implying near‑term margin dilution and higher capex. Planet Reports Financial Results for Fourth Quarter and Full Fiscal Year 2026
• Negative Sentiment: High valuation risk — The rally has pushed valuation multiples to elevated levels, so the stock increasingly prices in flawless execution and sustained AI‑driven commercial adoption; any slowdown could trigger volatility. Planet Labs stock page

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.