Planet Labs PBC (NYSE:PL) Rating Increased to Neutral at New Street Research

Posted by Stanley Muller on Sep 4th, 2026

Planet Labs PBC (NYSE:PL – Get Free Report) was upgraded by New Street Research from a “sell” rating to a “neutral” rating in a research note issued on Friday, MarketBeat reports.

PL has been the topic of a number of other reports. 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. Northland Securities set a $50.00 price objective on Planet Labs PBC in a research note on Friday, June 5th. Wedbush started coverage on Planet Labs PBC in a report on Wednesday, July 1st. They set an “outperform” rating and a $50.00 target price for the company. Needham & Company LLC decreased their target price on Planet Labs PBC from $53.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Citigroup reaffirmed a “market perform” rating on shares of Planet Labs PBC in a research note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Planet Labs PBC presently has an average rating of “Hold” and an average price target of $33.56.

Check Out Our Latest Report on Planet Labs PBC

Planet Labs PBC Price Performance

Shares of NYSE PL opened at $18.42 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.78 and a current ratio of 2.81. The firm has a fifty day moving average of $23.84 and a 200 day moving average of $30.12. The firm has a market cap of $6.56 billion, a PE ratio of -16.16 and a beta of 2.10. Planet Labs PBC has a one year low of $6.26 and a one year high of $51.76.

Planet Labs PBC (NYSE:PL – Get Free Report) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.04. Planet Labs PBC had a negative net margin of 111.17% and a negative return on equity of 105.29%. The business had revenue of $116.05 million for the quarter, compared to the consensus estimate of $104.53 million. During the same period last year, the firm posted ($0.07) earnings per share. The company’s revenue was up 58.2% compared to the same quarter last year. As a group, research analysts predict that Planet Labs PBC will post -0.92 EPS for the current fiscal year.

Insider Transactions at Planet Labs PBC

In related news, Director John W. Raymond sold 6,494 shares of the company’s stock in a transaction that occurred 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 transaction, the director directly owned 37,114 shares in the company, valued at approximately $970,902.24. This represents a 14.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert H. Schingler sold 25,000 shares of the stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $25.92, for a total value of $648,000.00. Following the completion of the transaction, the insider owned 225,171 shares of the company’s stock, valued at $5,836,432.32. The trade was a 9.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 171,122 shares of company stock worth $4,148,906 in the last 90 days. Insiders own 16.42% of the company’s stock.

Hedge Funds Weigh In On Planet Labs PBC

Large investors have recently modified their holdings of the business. American Capital Advisory LLC purchased a new position in shares of Planet Labs PBC during the 1st quarter worth $28,000. Western Wealth Management LLC acquired a new stake in shares of Planet Labs PBC during the 1st quarter worth about $28,000. Pittenger & Anderson Inc. raised its holdings in Planet Labs PBC by 40.9% in the 1st quarter. Pittenger & Anderson Inc. now owns 1,360 shares of the company’s stock valued at $38,000 after buying an additional 395 shares during the period. Whittier Trust Co. of Nevada Inc. purchased a new stake in Planet Labs PBC in the 1st quarter valued at about $41,000. Finally, Parkside Financial Bank & Trust lifted its position in Planet Labs PBC by 92.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock valued at $31,000 after buying an additional 745 shares during the last quarter. Institutional investors and hedge funds own 41.71% of the company’s stock.

Planet Labs PBC News Roundup

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

Positive Sentiment: Strong Q2 execution: Planet reported adjusted earnings of $0.02 per share, versus expectations for a $0.02 loss, while revenue rose 58.2% year over year to $116.1 million, exceeding the $104.5 million consensus estimate. The company said this was its fourth consecutive quarter meeting or exceeding the Rule of 40. Planet Reports Financial Results for Second Quarter of Fiscal Year 2027
Positive Sentiment: Analyst upgrade: Berenberg Bank upgraded Planet Labs PBC (PL) to “strong buy,” potentially providing support after the recent selloff and signaling confidence in the company’s long-term satellite-imaging and data opportunity.
Positive Sentiment: Defense demand: Planet signed a seven-figure agreement with a European defense and intelligence customer. The contract adds to investor enthusiasm about government and national-security applications for Planet’s Earth-imaging data, following its broader defense-related momentum. Planet Signs 7-Figure Agreement with European Defense and Intelligence Customer
Neutral Sentiment: Long-term growth debate: Coverage comparing Planet Labs with Snowflake highlights PL’s approximately 200-satellite constellation and daily Earth-imaging capabilities, but also reflects the stock’s growth-oriented, higher-risk valuation profile.
Negative Sentiment: Near-term guidance disappointed: Planet forecast fiscal third-quarter revenue of $101 million to $105 million, below the $114.3 million analyst consensus. Full-year fiscal 2027 revenue guidance of $430 million to $441 million was near consensus, but the quarterly shortfall likely outweighed the earnings beat for some investors.
Negative Sentiment: Recent selling pressure: PL previously declined even after announcing the defense contract, as investors reduced exposure to commercial space stocks. Planet remains unprofitable on a GAAP basis, with a negative net margin and return on equity, adding to valuation sensitivity.

About Planet Labs PBC

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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.