Planet Labs PBC (NYSE:PL) Receives $30.61 Consensus Target Price from Brokerages

Posted by Geri Gentry on May 19th, 2026

Planet Labs PBC (NYSE:PL – Get Free Report) has earned an average rating of “Hold” from the twelve ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $30.6083.

Several analysts have commented on PL shares. Deutsche Bank Aktiengesellschaft set a $38.00 price objective on Planet Labs PBC and gave the company a “buy” rating in a research note on Friday, March 27th. The Goldman Sachs Group upped their price objective on Planet Labs PBC from $18.00 to $20.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Needham & Company LLC boosted their target price on Planet Labs PBC to $40.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Wedbush boosted their target price on Planet Labs PBC from $40.00 to $50.00 and gave the stock an “outperform” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings cut Planet Labs PBC from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 4th.

Check Out Our Latest Report on Planet Labs PBC

Planet Labs PBC Stock Down 0.0%

PL opened at $41.60 on Friday. The business has a 50 day moving average price of $33.98 and a two-hundred day moving average price of $24.55. The company has a quick ratio of 1.64, a current ratio of 1.65 and a debt-to-equity ratio of 2.37. The company has a market cap of $14.40 billion, a PE ratio of -53.34 and a beta of 1.91. Planet Labs PBC has a 52 week low of $3.47 and a 52 week high of $45.78.

Insider Activity at Planet Labs PBC

In other Planet Labs PBC news, insider Robert H. Schingler sold 73,683 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $35.07, for a total transaction of $2,584,062.81. Following the transaction, the insider owned 256,488 shares in the company, valued at approximately $8,995,034.16. The trade was a 22.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Ashley F. Johnson sold 200,000 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $35.10, for a total value of $7,020,000.00. Following the transaction, the chief financial officer owned 1,895,162 shares in the company, valued at $66,520,186.20. The trade was a 9.55% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 17.53% of the company’s stock.

Institutional Investors Weigh In On Planet Labs PBC

A number of institutional investors and hedge funds have recently modified their holdings of PL. Oddo BHF Asset Management Sas acquired a new stake in shares of Planet Labs PBC in the 1st quarter worth approximately $5,472,000. Amundi grew its holdings in shares of Planet Labs PBC by 30.7% in the 1st quarter. Amundi now owns 20,280 shares of the company’s stock worth $567,000 after acquiring an additional 4,765 shares during the period. EverSource Wealth Advisors LLC grew its holdings in shares of Planet Labs PBC by 243.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,965 shares of the company’s stock worth $83,000 after acquiring an additional 2,102 shares during the period. California State Teachers Retirement System grew its holdings in shares of Planet Labs PBC by 22.6% in the 1st quarter. California State Teachers Retirement System now owns 285,952 shares of the company’s stock worth $7,992,000 after acquiring an additional 52,806 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of Planet Labs PBC by 66.3% in the 1st quarter. Royal Bank of Canada now owns 317,565 shares of the company’s stock worth $8,876,000 after acquiring an additional 126,562 shares during the period. Institutional investors and hedge funds own 41.71% of the company’s stock.

About Planet Labs PBC

(Get Free Report)

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.