Planet Labs PBC (NYSE:PL) Price Target Raised to $16.00

Key Points

• Deutsche Bank has raised the price target for Planet Labs PBC from $10.00 to $16.00, indicating a potential upside of 17.99% from the current price.
• As of now, eight analysts have rated the stock with a buy rating, while one has issued a sell rating, leading to a consensus rating of "Moderate Buy" with an average price target of $11.26.
• Recent quarterly earnings showed a revenue of $73.39 million, a 20.1% increase compared to the same quarter last year, despite the company reporting a loss per share of ($0.07).

Planet Labs PBC (NYSE:PL - Get Free Report) had its price target raised by investment analysts at Deutsche Bank Aktiengesellschaft from $10.00 to $16.00 in a research note issued on Tuesday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 17.99% from the company's current price.

Several other research analysts have also commented on PL. Citizens Jmp lowered shares of Planet Labs PBC from a "mkt outperform" rating to a "market perform" rating in a research note on Tuesday. Weiss Ratings reiterated a "sell (d-)" rating on shares of Planet Labs PBC in a research note on Wednesday, October 8th. Needham & Company LLC boosted their price objective on shares of Planet Labs PBC from $12.00 to $16.00 and gave the stock a "buy" rating in a research note on Monday. Cantor Fitzgerald boosted their price objective on shares of Planet Labs PBC from $8.50 to $20.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, JMP Securities reiterated a "market perform" rating on shares of Planet Labs PBC in a research note on Tuesday. Eight analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Planet Labs PBC presently has a consensus rating of "Moderate Buy" and an average price target of $11.26.

Planet Labs PBC Stock Performance

NYSE:PL opened at $13.56 on Tuesday. Planet Labs PBC has a one year low of $2.18 and a one year high of $16.78. The firm has a market cap of $4.18 billion, a P/E ratio of -45.20 and a beta of 1.99. The firm has a 50-day simple moving average of $10.36 and a 200-day simple moving average of $6.80.

Planet Labs PBC (NYSE:PL - Get Free Report) last posted its quarterly earnings results on Monday, September 8th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.03). Planet Labs PBC had a negative net margin of 34.46% and a negative return on equity of 20.25%. The business had revenue of $73.39 million during the quarter, compared to the consensus estimate of $65.88 million. During the same quarter in the prior year, the firm posted ($0.06) EPS. The company's revenue for the quarter was up 20.1% compared to the same quarter last year. Planet Labs PBC has set its FY 2026 guidance at EPS. Q3 2026 guidance at EPS. On average, research analysts predict that Planet Labs PBC will post -0.37 EPS for the current fiscal year.

Insider Activity at Planet Labs PBC

In related news, insider Robert H. Schingler sold 81,656 shares of the firm's stock in a transaction dated Monday, October 13th. The shares were sold at an average price of $15.50, for a total transaction of $1,265,668.00. Following the completion of the sale, the insider directly owned 1,288,843 shares in the company, valued at approximately $19,977,066.50. This trade represents a 5.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Planet Labs PBC

Institutional investors have recently made changes to their positions in the stock. CWM LLC increased its position in shares of Planet Labs PBC by 129.9% during the third quarter. CWM LLC now owns 9,276 shares of the company's stock valued at $120,000 after acquiring an additional 5,241 shares during the last quarter. SBI Securities Co. Ltd. boosted its stake in shares of Planet Labs PBC by 45.1% in the second quarter. SBI Securities Co. Ltd. now owns 9,877 shares of the company's stock valued at $60,000 after purchasing an additional 3,068 shares during the period. Heritage Oak Wealth Advisors LLC purchased a new position in shares of Planet Labs PBC in the third quarter valued at approximately $130,000. Tableaux LLC purchased a new position in shares of Planet Labs PBC in the second quarter valued at approximately $61,000. Finally, May Hill Capital LLC purchased a new position in shares of Planet Labs PBC in the second quarter valued at approximately $62,000. 41.71% of the stock is currently owned by institutional investors and hedge funds.

About Planet Labs PBC

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.

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