Cantor Fitzgerald Weighs in on Planet Labs PBC FY2026 Earnings

Planet Labs PBC (NYSE:PL - Free Report) - Equities research analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for Planet Labs PBC in a report released on Monday, June 9th. Cantor Fitzgerald analyst C. Canfield anticipates that the company will earn ($0.32) per share for the year. Cantor Fitzgerald has a "Overweight" rating and a $6.30 price target on the stock. The consensus estimate for Planet Labs PBC's current full-year earnings is ($0.37) per share.

Several other analysts have also commented on the company. Wedbush boosted their price target on Planet Labs PBC from $5.00 to $7.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Citigroup upped their target price on shares of Planet Labs PBC from $5.00 to $7.00 and gave the stock a "buy" rating in a report on Friday, June 6th. Wall Street Zen upgraded shares of Planet Labs PBC from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Needham & Company LLC reiterated a "buy" rating and issued a $8.00 target price on shares of Planet Labs PBC in a research note on Thursday, June 5th. Finally, The Goldman Sachs Group reissued a "neutral" rating and issued a $3.50 target price (down from $6.00) on shares of Planet Labs PBC in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $6.38.

Planet Labs PBC Stock Performance

Shares of PL stock traded up $0.02 during mid-day trading on Tuesday, reaching $5.45. The company's stock had a trading volume of 27,254,829 shares, compared to its average volume of 5,898,854. The firm's 50-day moving average is $3.75 and its two-hundred day moving average is $4.20. Planet Labs PBC has a 1-year low of $1.73 and a 1-year high of $6.71. The company has a market cap of $1.65 billion, a P/E ratio of -13.29 and a beta of 1.61.

Planet Labs PBC (NYSE:PL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported ($0.04) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. Planet Labs PBC had a negative return on equity of 24.16% and a negative net margin of 48.88%. The company had revenue of $66.27 million during the quarter, compared to analyst estimates of $62.25 million.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PL. Van ECK Associates Corp grew its holdings in shares of Planet Labs PBC by 244.3% during the 4th quarter. Van ECK Associates Corp now owns 520,364 shares of the company's stock valued at $2,102,000 after purchasing an additional 369,206 shares during the last quarter. Rhumbline Advisers grew its stake in shares of Planet Labs PBC by 5.0% during the fourth quarter. Rhumbline Advisers now owns 287,258 shares of the company's stock worth $1,161,000 after buying an additional 13,580 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Planet Labs PBC by 4.3% during the fourth quarter. Bank of New York Mellon Corp now owns 573,055 shares of the company's stock worth $2,315,000 after buying an additional 23,861 shares during the last quarter. Crown Wealth Group LLC bought a new position in shares of Planet Labs PBC in the 4th quarter valued at $78,000. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Planet Labs PBC during the 4th quarter valued at $42,000. Institutional investors and hedge funds own 41.71% of the company's stock.

Planet Labs PBC Company Profile

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company's platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.