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Home โบ Stocks โบ Planet Labs PBC (PL) Stock Forecast & Price Prediction United States | NYSE | Industrials | Aerospace & Defense
$3.56
-0.05 (-1.52%)10 Quality Stocks Worth Considering Now
Researching Planet Labs (PL) after the drop? Our ex-Goldman Sachs analyst reveals if it made our list of 10 oversold quality stocks with strong growth potential.
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Based on our analysis of 13 Wall Street analysts, PL has a bullish consensus with a median price target of $6.00 (ranging from $3.50 to $8.00). Currently trading at $3.56, the median forecast implies a 68.8% upside. This outlook is supported by 9 Buy, 2 Hold, and 0 Sell ratings.
The most optimistic forecast comes from Ryan Koontz at Needham, projecting a 125.0% upside. Conversely, the most conservative target is provided by Noah Poponak at Goldman Sachs, suggesting a 1.5% downside.
Please note that analyst price targets are forward-looking estimates subject to substantial market, economic, and company-specific risks. Past performance does not guarantee future results, and actual stock performance may materially differ from these projections. Investors should conduct their own due diligence and consider their investment objectives and risk tolerance before making investment decisions.
These are the latest 20 analyst ratings and price targets for PL.
Date | Firm | Analyst | Rating | Change | Price Target |
---|---|---|---|---|---|
Apr 11, 2025 | Goldman Sachs | Noah Poponak | Neutral | Downgrade | $3.50 |
Mar 24, 2025 | Needham | Ryan Koontz | Buy | Reiterates | $8.00 |
Mar 21, 2025 | Citizens Capital Markets | Trevor Walsh | Market Outperform | Reiterates | $6.50 |
Mar 21, 2025 | Cantor Fitzgerald | Colin Canfield | Overweight | Reiterates | $6.30 |
Feb 5, 2025 | Benchmark | Josh Sullivan | Buy | Maintains | $7.00 |
Feb 3, 2025 | Goldman Sachs | Noah Poponak | Buy | Maintains | $6.40 |
Jan 30, 2025 | Needham | Ryan Koontz | Buy | Maintains | $8.00 |
Jan 30, 2025 | JMP Securities | Trevor Walsh | Market Outperform | Maintains | $6.50 |
Jan 30, 2025 | Northland Capital Markets | Michael Latimore | Outperform | Maintains | $7.00 |
Jan 17, 2025 | Needham | Ryan Koontz | Buy | Reiterates | $5.00 |
Dec 17, 2024 | Deutsche Bank | Edison Yu | Buy | Maintains | $4.50 |
Dec 16, 2024 | Citigroup | Jason Gursky | Buy | Maintains | $5.00 |
Dec 10, 2024 | JMP Securities | Trevor Walsh | Market Outperform | Reiterates | $4.50 |
Dec 10, 2024 | Needham | Ryan Koontz | Buy | Reiterates | $5.00 |
Dec 10, 2024 | Craig-Hallum | Jeff Van Rhee | Hold | Maintains | $3.50 |
Dec 9, 2024 | JMP Securities | Rustam Kanga | Market Outperform | Reiterates | $4.50 |
Sep 26, 2024 | JMP Securities | Trevor Walsh | Market Outperform | Reiterates | $4.00 |
Sep 20, 2024 | JMP Securities | Trevor Walsh | Market Outperform | Reiterates | $4.00 |
Sep 10, 2024 | Goldman Sachs | Noah Poponak | Buy | Maintains | $3.10 |
Sep 6, 2024 | Craig-Hallum | Jeff Van Rhee | Hold | Maintains | $2.50 |
The following stocks are similar to Planet Labs based on their market capitalization and industry sector. These similar stocks potentially provide investors with alternative investment opportunities within the same market segment.
Planet Labs PBC has a market capitalization of $1.08B with a P/E ratio of 0.0x. The company generates $244.35M in trailing twelve-month revenue with a -50.4% profit margin.
Revenue growth is +4.6% quarter-over-quarter, while maintaining an operating margin of -24.6% and return on equity of -25.7%.
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Provides high-resolution satellite imagery and analytics.
Planet Labs operates a fleet of small satellites that capture daily images of the Earth, generating revenue by selling these high-resolution images and data analytics services to various sectors, including agriculture, forestry, and urban planning. The company's continuous data acquisition allows it to serve businesses, governments, and researchers with essential information for decision-making and strategic planning.
Founded in 2010 and based in San Francisco, Planet Labs is a key player in the space and geospatial information markets, enhancing understanding of environmental changes and optimizing land use planning. Its innovative approach to satellite data accessibility is transforming how organizations utilize space-based information.
Industrials
Aerospace & Defense
810
Dr. William Spencer Marshall
United States
2021
Mitek Systems (MITK) delivered earnings and revenue surprises of 38.46% and 8.52%, respectively, for the quarter ended March 2025. Do the numbers hold clues to what lies ahead for the stock?
Planet Labs PBC (NYSE:PL) will release its fiscal Q1 2025 financial results on June 4, 2025, after market close, with a conference call scheduled for 5:00 p.m. ET.
Planet Labs' upcoming financial results release and conference call will provide insights into its performance and future outlook, influencing investor sentiment and stock valuation.
Planet Labs Germany GmbH has secured a seven-figure contract with the German Federal Ministry of the Interior and Community for data services, with a one-year term and two renewal options.
The contract with the German government enhances Planet Labs' revenue stability and growth potential, boosting investor confidence in its market position and long-term prospects.
Investors are advised to take a wait-and-watch approach for RKLB and PL stocks due to negative return on equity (ROE) and downward earnings revisions.
Negative ROE and downward earnings revisions signal potential financial instability, suggesting a cautious stance on RKLB and PL stocks may mitigate risks for investors.
Planet Labs PBC (NYSE: PL) secured a multi-year contract with EMDYN for satellite imagery services to monitor activities across large areas, enhancing their data offerings.
Planet Labs' contract with EMDYN enhances its revenue stream and showcases the growing demand for satellite imagery in security and intelligence, potentially boosting investor confidence and stock value.
Planet Labs PBC announced a multi-year partnership with onX to provide near-daily satellite data for onX's outdoor recreation apps, enhancing their offerings in 2023.
Planet Labs' partnership with onX enhances its revenue potential by expanding its data application in outdoor recreation, signaling growth and innovation that could attract more investors.
On Monday, tech stocks fell sharply, with the Nasdaq down 1.5%, while the S&P 500 decreased by 0.6% and the Dow Jones Industrial Average posted a slight gain.
The sharp decline in tech stocks signals heightened market volatility and sector-specific concerns, potentially impacting investor sentiment and future allocations.
Based on our analysis of 13 Wall Street analysts, Planet Labs PBC (PL) has a median price target of $6.00. The highest price target is $8.00 and the lowest is $3.50.
According to current analyst ratings, PL has 9 Buy ratings, 2 Hold ratings, and 0 Sell ratings. The stock is currently trading at $3.56. Always conduct your own research and consider your investment goals before making investment decisions.
Wall Street analysts predict PL stock could reach $6.00 in the next 12 months. This represents a 68.8% increase from the current price of $3.56. Please note that this is a projection by Wall Street analysts and not a guarantee.
Planet Labs operates a fleet of small satellites that capture daily images of the Earth, generating revenue by selling these high-resolution images and data analytics services to various sectors, including agriculture, forestry, and urban planning. The company's continuous data acquisition allows it to serve businesses, governments, and researchers with essential information for decision-making and strategic planning.
The highest price target for PL is $8.00 from Ryan Koontz at Needham, which represents a 125.0% increase from the current price of $3.56.
The lowest price target for PL is $3.50 from Noah Poponak at Goldman Sachs, which represents a -1.5% decrease from the current price of $3.56.
The overall analyst consensus for PL is bullish. Out of 13 Wall Street analysts, 9 rate it as Buy, 2 as Hold, and 0 as Sell, with a median price target of $6.00.
Stock price projections, including those for Planet Labs PBC, are based on various factors including financial models, market conditions, and analyst forecasts. While these predictions provide valuable insights, they should be considered alongside your own research and risk tolerance.
The information provided by Ticker Nerd is for educational and informational purposes only. It should not be considered financial or investment advice. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. Analyst ratings and price forecasts are sourced from Wall St analysts and other experts. These projections are speculative and do not guarantee future stock performance.