Planet Labs PBC (NYSE:PL) Price Target Raised to $16.00 at Deutsche Bank Aktiengesellschaft

Planet Labs PBC (NYSE:PL) had its target price raised by Deutsche Bank Aktiengesellschaft from $10.00 to $16.00 in a research note published on Tuesday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

Several other equities analysts also recently issued reports on the company. Citigroup reissued an “outperform” rating on shares of Planet Labs PBC in a research report on Tuesday, September 9th. The Goldman Sachs Group started coverage on Planet Labs PBC in a research report on Monday, June 30th. They issued a “neutral” rating and a $4.60 target price on the stock. Cantor Fitzgerald upped their target price on Planet Labs PBC from $8.50 to $20.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Needham & Company LLC upped their target price on Planet Labs PBC from $12.00 to $16.00 and gave the company a “buy” rating in a research report on Monday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Planet Labs PBC in a research report on Wednesday, October 8th. Eight research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Planet Labs PBC has an average rating of “Moderate Buy” and a consensus price target of $11.26.

Planet Labs PBC Trading Down 4.8%

Shares of PL opened at $12.91 on Tuesday. Planet Labs PBC has a 12 month low of $2.18 and a 12 month high of $16.78. The stock has a fifty day moving average price of $10.48 and a 200-day moving average price of $6.84. The firm has a market cap of $3.97 billion, a PE ratio of -43.02 and a beta of 1.99.

Planet Labs PBC (NYSE:PL) last issued its quarterly earnings data on Monday, September 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Planet Labs PBC had a negative net margin of 34.46% and a negative return on equity of 20.25%. The business had revenue of $73.39 million for the quarter, compared to analysts’ expectations of $65.88 million. During the same quarter in the prior year, the company posted ($0.06) EPS. The business’s revenue for the quarter was up 20.1% on a year-over-year basis. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. As a group, research analysts forecast that Planet Labs PBC will post -0.37 EPS for the current year.

Insiders Place Their Bets

In other Planet Labs PBC news, insider Robert H. Schingler sold 81,656 shares of the stock in a transaction dated Monday, October 13th. The stock was sold at an average price of $15.50, for a total transaction of $1,265,668.00. Following the sale, the insider directly owned 1,288,843 shares of the company’s stock, valued at approximately $19,977,066.50. This trade represents a 5.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.53% of the company’s stock.

Institutional Investors Weigh In On Planet Labs PBC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 180 Wealth Advisors LLC grew its position in Planet Labs PBC by 0.8% during the 3rd quarter. 180 Wealth Advisors LLC now owns 147,032 shares of the company’s stock worth $1,908,000 after purchasing an additional 1,114 shares during the period. Teacher Retirement System of Texas boosted its stake in shares of Planet Labs PBC by 5.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 31,973 shares of the company’s stock worth $195,000 after acquiring an additional 1,782 shares in the last quarter. Choreo LLC boosted its stake in shares of Planet Labs PBC by 19.7% during the 2nd quarter. Choreo LLC now owns 13,072 shares of the company’s stock worth $80,000 after acquiring an additional 2,148 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Planet Labs PBC by 45.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 9,877 shares of the company’s stock worth $60,000 after acquiring an additional 3,068 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Planet Labs PBC by 32.1% during the 1st quarter. Mackenzie Financial Corp now owns 13,364 shares of the company’s stock worth $45,000 after acquiring an additional 3,245 shares in the last quarter. 41.71% of the stock is owned by institutional investors and hedge funds.

About Planet Labs PBC

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company’s platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.