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Planet Labs PBC

PL · NYSE

Market closed$22.47$0.380000 (+1.72%)After hours $22.58 · +0.49%

Key statistics

Previous close$22.09
Open$21.64
Day high$23.29
Day low$21.03
52-week high$51.76
52-week low$5.87
Market cap7.48B
Volume8.07M
Average volume12.67M
P/E ratio-30.78
Forward P/E—
EPS-0.73
Dividend yield0.00%

Market context

Why it moved

Planet Labs (PL) shares moved higher as investor sentiment recovered following Wall Street analyst support, including a raised price target from Needham citing strong demand for sovereign Earth observation and a 68% jump in Defense & Intelligence revenue, helping offset earlier dilution concerns from the company's $1.5 billion equity offering.

SergeytereshkinPluangGolocalprovMcdermottplusFortune

What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Planet Labs PBC rose after fresh analyst coverage highlighted the company's industrial goods positioning, even as broader markets faced headwinds from AI spending concerns and U.S.-Iran tensions. A director's sale of ~$930K in shares (filed July 16) drew some investor attention, but bullish sentiment around Planet's defense and intelligence contract momentum — including 65%+ growth in that segment and a $900M+ backlog — continued to support the stock. The industrials sector outperformed broader tech-heavy indexes on the day, providing a favorable backdrop for Planet's aerospace and defense classification.

1.7202

July 17, 2026Planet Labs tumbled sharply, sharply underperforming the broader industrials sector (XLI essentially flat) and the S&P 500, as a director insider sale of ~$930K worth of shares filed with the SEC rattled investor sentiment. The selloff — on above-average volume — compounds recent pressure from PL's post-earnings guidance disappointment, where Q1 FY2027 revenue of $94.2M grew 42% YoY but FY full-year guidance of $425–$441M implied decelerating growth and adjusted EBITDA only guided to breakeven, sparking a valuation reset debate among investors despite the company's $900M+ backlog and surging defense and intelligence contract momentum.

-11.2851

July 16, 2026Planet Labs fell amid a mixed session for aerospace and defense, underperforming the largely steady XLI sector ETF as investors weighed the company's complex fundamental picture. Despite reporting record Q1 FY2027 revenue of $94.2M (up 42% YoY) and a $900M+ backlog driven by surging defense and intelligence contracts, the stock has faced pressure since guidance disappointed — FY revenue of $425–441M implies decelerating growth, and EBITDA is guided to only breakeven at best. Morgan Stanley's sector note today named HawkEye 360 as its top space pick over Planet Labs, while the new $1.5B equity distribution program raises ongoing dilution concerns. Shares extended their decline in after-hours trading, falling an additional ~3.5%.

-2.5822

July 15, 2026Planet Labs closed modestly lower, weighed by insider selling activity that drew investor attention after SEC filings revealed co-founder and CEO William Spencer Marshall sold 200,000 shares worth ~$5.18 million and co-founder and Chief Strategy Officer Robert Schingler sold ~89,593 shares worth ~$2.32 million on July 10 — both executed under pre-arranged 10b5-1 plans. The insider sales come amid an already cautious backdrop following Planet Labs' June announcement of a $1.5 billion at-the-market equity program, which had sparked dilution concerns. Despite the near-term pressure, Goldman Sachs recently raised its price target to $25 (Neutral) and Wedbush initiated coverage with a Buy rating, while the company's Q1 FY2027 results showed record revenue of $94.2M, up 42% YoY, fueled by 68% defense & intelligence growth.

-1.5408

July 14, 2026Planet Labs PBC closed modestly lower as broader market sentiment was weighed down by renewed U.S.-Iran military tensions that sent oil prices surging and pressured equities broadly. Despite the macro headwinds, analysts maintain a consensus price target of $35.11 — implying ~35% upside — underpinned by Planet's AI-powered Earth observation platform and its positioning within the defense "Security Supercycle," as global demand for space-based surveillance and geospatial intelligence accelerates.

-0.3455

July 11, 2026Planet Labs fell sharply, underperforming the broader industrials sector (XLI essentially flat), as investors digested a wide valuation debate following the recent Pelican-11 satellite launch. While analyst consensus sits at a $40 price target — implying significant upside from current levels — a DCF-based fair value estimate of just $2.53 highlights the deep divide over profitability timelines. Broader risk-off sentiment tied to the escalating U.S.-Iran conflict in the Gulf added macro headwinds, even as the company's AI-powered Earth observation narrative and surging defense contract momentum remain key long-term catalysts.

-4.2279

July 10, 2026Planet Labs declined nearly 2% as geopolitical volatility and macro headwinds weighed on risk assets, though the company remains in focus after successfully launching Pelican-11 on July 7 — a Gen 2 tech demonstration satellite designed to validate next-generation 30 cm-class imagery capabilities ahead of its upcoming production fleet. Analyst consensus holds a $40 price target well above current levels, underpinned by record Q1 FY2027 revenue of $94.2M (+42% YoY) and a $900M+ backlog, though investor caution persists around the company's widening losses, ongoing capital intensity, and a new $1.5B equity distribution program.

-1.982

July 9, 2026Planet Labs fell amid a broad market risk-off selloff triggered by President Trump declaring the U.S.-Iran ceasefire 'over,' which sent oil prices surging over 5% and weighed on industrials and tech-adjacent names. Adding to the pressure, the broader macro backdrop included rising Treasury yields and Samsung's disappointing chip earnings dragging AI-infrastructure stocks lower. On the positive side, Planet launched Pelican-11, its next-gen Gen 2 tech demonstration satellite, and earlier in the week added Wolfgang Schmidt, former Head of the German Chancellery, to its European Advisory Board as the company advances a new satellite manufacturing facility in Berlin — underscoring its deepening defense and sovereign customer strategy in Europe.

-3.1752

Yahoo Finance Singapore · July 18, 2026Planet Labs (PL) Stock Looks Strong On Returns Yet Rich On SalesSimply Wall Street · July 17, 2026Can Planet Labs PBC (PL) Justify Its Valuation After The Pelican 11 Launch?Moomoo · July 17, 2026Planet Labs Down Nearly 13%, on Track for Lowest Close Since February -- Data TalkTradingView · July 16, 2026Planet Labs vs. Satellogic: Which Earth Observation Stock Has an Edge?Seeking Alpha · July 9, 2026Planet Labs Launches Pelican-11: Here’s What It Means For Investors (NYSE:PL)Stocktwits · June 8, 2026Planet Labs Stock Is Bouncing Back After Hard Fall Last Week: Here’s WhyInvestorideas.com · April 6, 2026Space Stocks Fizzle following Investor Euphoria - Planet Labs PBC (NYSE: PL) Down on NewsTradingView · March 20, 2026PL: Planet Labs Stock Soars as Earnings Surprise Investors. Why It's Up 540% in a Year
Mt Newswire · July 16, 2026Planet Labs PBC Insider Sold Shares Worth $929,638, According to a Recent SEC Filing
Benzinga · July 14, 2026Goldman Sachs Maintains Neutral on Planet Labs, Raises Price Target to $25
Mt Newswire · July 14, 2026Planet Labs Insider Sold Shares Worth $2,322,224, According to a Recent SEC Filing
Mt Newswire · July 14, 2026Planet Labs Insider Sold Shares Worth $5,183,940, According to a Recent SEC Filing
Mt Newswire · July 7, 2026Planet Labs Launches Pelican-11 Technology Demonstration Satellite
Mt Newswire · July 2, 2026Planet Labs Insider Sold Shares Worth $379,475, According to a Recent SEC Filing
Mt Newswire · July 2, 2026Planet Labs PBC's Germany Unit Signs Launch Deal With Isar Aerospace
Benzinga · July 2, 2026Planet Labs Germany Signs Agreement With Isar Aerospace To Introduce Planet's Pelican Satellites

Peers

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