Planet Labs PBC (NYSE:PL) Given New $40.00 Price Target at Needham & Company LLC

Planet Labs PBC (NYSE:PL) had its target price boosted by Needham & Company LLC to $40.00 in a report published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other brokerages also recently issued reports on PL. Wedbush boosted their price target on shares of Planet Labs PBC from $20.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 13th. Morgan Stanley lifted their target price on shares of Planet Labs PBC from $20.00 to $26.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 13th. National Bank Financial set a $12.30 target price on shares of Planet Labs PBC in a report on Tuesday, December 16th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $16.40 price target on shares of Planet Labs PBC in a research report on Tuesday, January 20th. Finally, Northland Securities set a $28.00 price target on Planet Labs PBC in a report on Tuesday, January 13th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.43.

Planet Labs PBC Price Performance

Planet Labs PBC stock opened at $33.75 on Friday. The stock’s 50 day moving average is $25.17 and its 200 day moving average is $17.84. The company has a debt-to-equity ratio of 1.28, a current ratio of 4.00 and a quick ratio of 4.00. The firm has a market cap of $10.59 billion, a P/E ratio of -43.27 and a beta of 1.95. Planet Labs PBC has a one year low of $2.79 and a one year high of $36.28.

Planet Labs PBC (NYSE:PL) last announced its earnings results on Thursday, March 19th. The company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.43). The company had revenue of $86.82 million during the quarter, compared to the consensus estimate of $78.17 million. Planet Labs PBC had a negative net margin of 80.22% and a negative return on equity of 60.21%. The company’s revenue was up 41.1% compared to the same quarter last year. As a group, research analysts expect that Planet Labs PBC will post -0.37 EPS for the current year.

Insider Activity

In other Planet Labs PBC news, Director Vijaya Gadde sold 20,000 shares of Planet Labs PBC stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of $26.77, for a total transaction of $535,400.00. Following the transaction, the director owned 250,169 shares of the company’s stock, valued at $6,697,024.13. This trade represents a 7.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert H. Schingler sold 73,782 shares of the business’s stock in a transaction that occurred on Friday, December 26th. The stock was sold at an average price of $19.35, for a total value of $1,427,681.70. Following the completion of the transaction, the insider owned 1,164,729 shares in the company, valued at $22,537,506.15. The trade was a 5.96% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 292,348 shares of company stock valued at $7,323,958. 17.53% of the stock is currently owned by company insiders.

Institutional Trading of Planet Labs PBC

A number of hedge funds have recently bought and sold shares of the business. Wellington Shields & Co. LLC boosted its position in Planet Labs PBC by 2.8% in the fourth quarter. Wellington Shields & Co. LLC now owns 15,776 shares of the company’s stock worth $311,000 after purchasing an additional 435 shares during the last quarter. Xponance LLC increased its position in shares of Planet Labs PBC by 3.1% during the 4th quarter. Xponance LLC now owns 18,656 shares of the company’s stock valued at $368,000 after purchasing an additional 555 shares during the last quarter. Wealthfront Advisers LLC raised its stake in shares of Planet Labs PBC by 5.4% during the 4th quarter. Wealthfront Advisers LLC now owns 12,715 shares of the company’s stock worth $251,000 after purchasing an additional 657 shares during the period. Pictet Asset Management Holding SA boosted its holdings in shares of Planet Labs PBC by 2.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 33,090 shares of the company’s stock worth $653,000 after buying an additional 690 shares during the last quarter. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Planet Labs PBC by 92.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,550 shares of the company’s stock worth $31,000 after buying an additional 745 shares during the last quarter. 41.71% of the stock is currently owned by institutional investors.

Key Stories Impacting Planet Labs PBC

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

• Positive Sentiment: Q4 revenue beat and stronger FY27 guidance — Planet reported Q4 revenue of $86.8M (above estimates) and issued FY2027 revenue guidance well above Street expectations, underpinning investor optimism about faster growth next year. Press Release
• Positive Sentiment: Stronger govt. demand and expanding backlog — Management highlighted robust government and defense demand (backlog up materially), and governments seeking greater satellite access, which supports recurring revenue visibility. WSJ Coverage
• Positive Sentiment: AI and partner initiatives — Planet emphasized AI-driven product opportunities and partnerships (including work tied to Google/NVIDIA in‑orbit AI themes) that could meaningfully expand civil and commercial demand. MarketWatch
• Positive Sentiment: Analyst upgrade momentum — Multiple firms raised ratings/targets (e.g., Wedbush, Cantor Fitzgerald, Needham boosted PTs toward $40) after the results, adding buy-side validation to the move. Proactive
• Neutral Sentiment: Strong market reaction / option activity — Heavy after‑hours buying and elevated call option volume show speculative and institutional interest, amplifying intraday price moves but not changing fundamentals by itself. Invezz
• Negative Sentiment: Mixed earnings metrics — While revenue beat, reported EPS/GAAP metrics were mixed (some sources note an EPS miss), creating ambiguity between GAAP results and adjusted metrics investors are using to value the story. MarketBeat
• Negative Sentiment: Profitability outlook and heavy investment needs — Management expects to invest (e.g., ramp satellite manufacturing) to fulfill backlog; FY27 adjusted EBITDA guidance implies near‑term margin pressure despite positive FCF last year. Press Release
• Negative Sentiment: Rich valuation — The rally leaves PL with a large market cap and elevated forward multiples, increasing sensitivity to execution risk and any guide-downs. Invezz

About Planet Labs PBC

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.