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

Planet Labs PBC (NYSE:PL) had its price objective lifted by research analysts at Wedbush from $30.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Wedbush’s price target points to a potential upside of 47.75% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. Northland Securities set a $28.00 target price on Planet Labs PBC in a research report on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Planet Labs PBC in a research note on Thursday, January 22nd. National Bank Financial set a $12.30 price objective on Planet Labs PBC in a report on Tuesday, December 16th. Craig Hallum reiterated a “buy” rating and set a $30.00 target price on shares of Planet Labs PBC in a research report on Tuesday, January 13th. Finally, Zacks Research raised shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a report on Friday, February 13th. Six 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’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $24.61.

Planet Labs PBC Stock Performance

PL opened at $27.07 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 4.00 and a current ratio of 4.00. The stock has a market capitalization of $8.49 billion, a price-to-earnings ratio of -64.46 and a beta of 1.95. The company has a fifty day moving average of $24.95 and a 200 day moving average of $17.65. Planet Labs PBC has a fifty-two week low of $2.79 and a fifty-two week high of $30.90.

Planet Labs PBC (NYSE:PL) last announced 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 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 analysts’ expectations of $78.17 million. The company’s quarterly revenue was up 41.1% on a year-over-year basis. As a group, sell-side analysts forecast that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Planet Labs PBC news, CFO Ashley F. Johnson sold 150,731 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 1,956,101 shares of the company’s stock, valued at $52,834,288.01. The trade was a 7.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Robert H. Schingler sold 73,782 shares of the company’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 value of $1,427,681.70. Following the sale, the insider owned 1,164,729 shares in the company, valued at approximately $22,537,506.15. This trade represents a 5.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 292,348 shares of company stock valued at $7,323,958. Insiders own 17.53% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Parkside Financial Bank & Trust lifted its holdings 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 worth $31,000 after acquiring an additional 745 shares during the last quarter. MCF Advisors LLC purchased a new stake in Planet Labs PBC in the 3rd quarter worth about $32,000. Baillie Gifford & Co. bought a new stake in Planet Labs PBC in 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 lifted its stake 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 purchasing an additional 1,195 shares during the last quarter. Institutional investors own 41.71% of the company’s stock.

Key Planet Labs PBC News

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.