Planet Labs PBC (NYSE:PL) Receives $35.11 Consensus PT from Brokerages

Posted by on Jul 10th, 2026

Shares of Planet Labs PBC (NYSE:PL – Get Free Report) have been given an average rating of “Hold” by the twelve analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is $35.1083.

Several research firms recently issued reports on PL. Northland Securities set a $50.00 price objective on Planet Labs PBC in a research report on Friday, June 5th. New Street Research began coverage on shares of Planet Labs PBC in a report on Wednesday, May 13th. They issued a “sell” rating and a $28.00 price objective on the stock. Needham & Company LLC lifted their target price on Planet Labs PBC from $40.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, June 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $22.00 price target on shares of Planet Labs PBC in a research report on Thursday, June 11th. Finally, Wedbush assumed coverage on Planet Labs PBC in a research note on Wednesday, July 1st. They issued an “outperform” rating and a $50.00 price objective on the stock.

Get Our Latest Analysis on PL

Planet Labs PBC Price Performance

Shares of NYSE PL opened at $27.18 on Friday. The company has a 50 day simple moving average of $36.31 and a two-hundred day simple moving average of $30.45. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of -23.85 and a beta of 2.06. Planet Labs PBC has a fifty-two week low of $5.87 and a fifty-two week high of $51.76. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.78 and a current ratio of 2.81.

Planet Labs PBC (NYSE:PL – Get Free Report) last released its earnings results on Thursday, June 4th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.01. The business had revenue of $94.15 million for the quarter, compared to the consensus estimate of $90.39 million. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.Planet Labs PBC’s revenue for the quarter was up 42.1% compared to the same quarter last year. Analysts expect that Planet Labs PBC will post -0.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Planet Labs PBC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Capital Advisory LLC bought a new stake in shares of Planet Labs PBC during the 1st quarter valued at $28,000. Western Wealth Management LLC bought a new position in shares of Planet Labs PBC during the 1st quarter valued at approximately $28,000. Pittenger & Anderson Inc. lifted its position in Planet Labs PBC by 40.9% during the first quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company’s stock valued at $38,000 after purchasing an additional 395 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new position in Planet Labs PBC in the first quarter worth about $41,000. Finally, Parkside Financial Bank & Trust boosted 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 purchasing an additional 745 shares during the period. Institutional investors 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.

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Analyst Recommendations for Planet Labs PBC (NYSE:PL)

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