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

Planet Labs PBC (NYSE:PL) had its price target lifted by investment analysts at Cantor Fitzgerald from $20.00 to $40.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Cantor Fitzgerald’s price objective would indicate a potential upside of 12.15% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Northland Securities set a $28.00 price target on Planet Labs PBC in a research report on Tuesday, January 13th. National Bank Financial set a $12.30 target price on Planet Labs PBC in a research note on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft lifted their price target on Planet Labs PBC from $16.00 to $17.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Citigroup boosted their price target on Planet Labs PBC from $19.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Planet Labs PBC in a research report on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $26.43.

Planet Labs PBC Stock Performance

NYSE PL traded up $8.71 during trading hours on Friday, reaching $35.67. The stock had a trading volume of 23,451,333 shares, compared to its average volume of 12,220,076. The stock has a fifty day moving average of $24.95 and a 200 day moving average of $17.65. The stock has a market cap of $11.19 billion, a P/E ratio of -84.58 and a beta of 1.95. Planet Labs PBC has a 52-week low of $2.79 and a 52-week high of $36.28. The company has a debt-to-equity ratio of 1.28, a quick ratio of 4.00 and a current ratio of 4.00.

Planet Labs PBC (NYSE:PL) last posted its quarterly earnings results on Thursday, March 19th. The company reported ($0.48) earnings per share (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 business had revenue of $86.82 million for the quarter, compared to analysts’ expectations of $78.17 million. Planet Labs PBC’s revenue was up 41.1% on a year-over-year basis. Sell-side analysts predict that Planet Labs PBC will post -0.37 earnings per share for the current year.

Insider Activity at Planet Labs PBC

In other Planet Labs PBC news, Director Kristen Robinson sold 47,835 shares of the business’s 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 completion of the sale, the director directly owned 222,897 shares in the company, valued at approximately $6,009,303.12. The trade was a 17.67% decrease in their position. The transaction was disclosed in a 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 transaction, the chief financial officer owned 1,956,101 shares in the company, valued at approximately $52,834,288.01. This trade represents a 7.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 292,348 shares of company stock worth $7,323,958 in the last quarter. 17.53% of the stock is owned by insiders.

Institutional Investors Weigh In On Planet Labs PBC

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osbon Capital Management LLC acquired a new stake in shares of Planet Labs PBC in the fourth quarter valued at about $554,000. Hsbc Holdings PLC acquired a new position in Planet Labs PBC during the fourth quarter worth about $8,457,000. Caitong International Asset Management Co. Ltd boosted its position in Planet Labs PBC by 5,433.1% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 61,860 shares of the company’s stock worth $1,220,000 after acquiring an additional 60,742 shares during the last quarter. Virtue Capital Management LLC grew its stake in Planet Labs PBC by 1,837.6% during the 4th quarter. Virtue Capital Management LLC now owns 83,296 shares of the company’s stock valued at $1,700,000 after acquiring an additional 78,997 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Planet Labs PBC by 9.5% during the 4th quarter. Mackenzie Financial Corp now owns 14,631 shares of the company’s stock valued at $288,000 after acquiring an additional 1,267 shares in the last quarter. Institutional investors and hedge funds own 41.71% of the company’s stock.

Planet Labs PBC News Summary

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

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.