Berenberg Bank Upgrades Planet Labs PBC (NYSE:PL) to Strong-Buy

Posted by George Bondi on Sep 4th, 2026

Planet Labs PBC (NYSE:PL – Get Free Report) was upgraded by stock analysts at Berenberg Bank to a “strong-buy” rating in a report released on Wednesday, Zacks reports.

PL has been the subject of several other reports. Needham & Company LLC upped their target price on Planet Labs PBC from $40.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Weiss Ratings raised shares of Planet Labs PBC from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, June 15th. Craig Hallum boosted their price target on shares of Planet Labs PBC from $36.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Zacks Research upgraded shares of Planet Labs PBC from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $36.00 price objective on shares of Planet Labs PBC in a report on Monday, June 15th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $34.56.

Read Our Latest Stock Report on PL

Planet Labs PBC Stock Performance

NYSE PL opened at $18.42 on Wednesday. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of -16.16 and a beta of 2.10. Planet Labs PBC has a twelve month low of $6.26 and a twelve month high of $51.76. The company has a current ratio of 2.81, a quick ratio of 2.78 and a debt-to-equity ratio of 1.01. The stock has a 50-day moving average of $23.84 and a 200 day moving average of $30.12.

Planet Labs PBC (NYSE:PL – Get Free Report) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Planet Labs PBC had a negative return on equity of 105.29% and a negative net margin of 111.17%.The company had revenue of $116.05 million for the quarter, compared to the consensus estimate of $104.53 million. During the same quarter in the prior year, the business posted ($0.07) earnings per share. Planet Labs PBC’s revenue for the quarter was up 58.2% on a year-over-year basis. Sell-side analysts anticipate that Planet Labs PBC will post -0.92 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director John W. Raymond sold 6,494 shares of the stock in a transaction on Monday, July 13th. The stock was sold at an average price of $26.16, for a total value of $169,883.04. Following the completion of the transaction, the director directly owned 37,114 shares of the company’s stock, valued at approximately $970,902.24. This represents a 14.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Ashley Johnson sold 75,035 shares of the stock in a transaction on Thursday, July 23rd. The shares were sold at an average price of $22.08, for a total value of $1,656,772.80. Following the completion of the transaction, the chief financial officer directly owned 1,132,122 shares of the company’s stock, valued at approximately $24,997,253.76. This represents a 6.22% 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 171,122 shares of company stock worth $4,148,906. 16.42% of the stock is owned by corporate insiders.

Institutional Trading of Planet Labs PBC

Several large investors have recently bought and sold shares of PL. American Capital Advisory LLC acquired a new stake in Planet Labs PBC in the 1st quarter valued at about $28,000. Western Wealth Management LLC purchased a new position in Planet Labs PBC in the 1st quarter worth approximately $28,000. Parkside Financial Bank & Trust boosted its holdings in shares of Planet Labs PBC by 92.5% during 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 last quarter. Pittenger & Anderson Inc. grew its position in shares of Planet Labs PBC by 40.9% in 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 in the last quarter. Finally, Larson Financial Group LLC purchased a new stake in shares of Planet Labs PBC in the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Key Stories Impacting Planet Labs PBC

Here are the key news stories impacting Planet Labs PBC this week:

Positive Sentiment: Planet reported record second-quarter revenue of $116.1 million, up 58% year over year, marking its fourth consecutive quarter meeting or exceeding the Rule of 40. Planet Reports Financial Results for Second Quarter of Fiscal Year 2027
Positive Sentiment: Planet signed a seven-figure agreement with a European defense and intelligence customer, reinforcing demand for its satellite imagery and analytics in government and defense markets. Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer
Positive Sentiment: On an adjusted basis, Planet posted earnings of $0.02 per share, versus analysts’ expected loss of $0.02, while the company’s full-year revenue outlook of $430 million to $441 million is broadly consistent with the $436.3 million consensus estimate. Planet Labs Tops Q2 Earnings and Revenue Estimates
Neutral Sentiment: Berenberg initiated or reiterated a Buy rating, providing analyst support, although the rating may be overshadowed by the company’s guidance and broader weakness in space-related stocks. Planet Labs Gets a Buy from Berenberg Bank
Negative Sentiment: Planet’s third-quarter revenue outlook of $101 million to $105 million is well below the $114.3 million consensus estimate, raising concerns about a near-term growth slowdown.
Negative Sentiment: Reported GAAP results showed a $0.03-per-share loss, slightly worse than the $0.02 expected loss, with profitability still weak. The combination of the earnings shortfall and below-consensus quarterly guidance likely drove the selling pressure. Planet Labs Earnings Results
Negative Sentiment: Shares also faced sector-wide selling among commercial space and satellite companies, limiting the positive impact of Planet’s defense announcement. Planet Labs Sinks Despite New Defense Contract

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.