Planet Labs PBC (PL) News Today

Planet Labs PBC (NYSE: PL) shares remain under pressure after retreating more than 60% from their 2026 peak, although analysts continue to see substantial rebound potential. The recent decline reflects a valuation reset and investor concerns about growth momentum rather than a major deterioration in the company’s operating results.

• Positive Sentiment: Wall Street’s consensus price target of approximately $32.78 implies more than 90% upside from recent levels. Analysts point to Planet Labs’ strong revenue growth and potential to convert its roughly $4 billion sales pipeline— including $1 billion considered near-term—into new orders. Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
• Positive Sentiment: Planet Labs was upgraded to Zacks Rank #2, or Buy, as improving earnings expectations support the possibility of a recovery. The stock is also considered technically oversold after falling 29.7% in four weeks, which could attract dip buyers if selling pressure eases. Planet Labs PBC Upgraded to Buy Planet Labs Looks Ripe for a Turnaround
• Neutral Sentiment: The company’s fiscal Q2 revenue jumped 58% year over year to a record $116 million, while it posted adjusted earnings of $0.02 per share versus expectations for a loss. However, the quarter benefited partly from an earlier-than-expected satellite delivery, limiting the increase to full-year guidance. Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
• Negative Sentiment: Backlog declined 10% sequentially to $815 million, despite increasing 11% year over year, because new orders did not fully replace deliveries. Planet Labs also still trades at a relatively expensive forward price-to-sales multiple near 12 times, leaving the stock vulnerable to disappointment.
• Negative Sentiment: Northland Securities made several forecast adjustments, including lower EPS estimates for select future quarters, while the company remains expected to report a full-year loss. These revisions reinforce concerns about the timing of profitability. Planet Labs analyst estimates