Planet Labs PBC (NYSE:PL) Given New $20.00 Price Target at Cantor Fitzgerald

Planet Labs PBC (NYSE:PL) had its price objective lifted by Cantor Fitzgerald from $8.50 to $20.00 in a research report released on Friday morning, Marketbeat.com reports. They currently have an overweight rating on the stock.

PL has been the subject of a number of other reports. Needham & Company LLC upped their price target on Planet Labs PBC from $8.00 to $12.00 and gave the company a “buy” rating in a report on Tuesday, September 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Planet Labs PBC in a report on Wednesday, October 8th. Wedbush upped their price target on Planet Labs PBC from $11.00 to $17.00 and gave the company an “outperform” rating in a report on Thursday, October 2nd. JMP Securities upped their price target on Planet Labs PBC from $8.00 to $11.00 and gave the company a “market outperform” rating in a report on Tuesday, September 9th. Finally, Citigroup reaffirmed an “outperform” rating on shares of Planet Labs PBC in a report on Tuesday, September 9th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $9.71.

Planet Labs PBC Stock Performance

Shares of Planet Labs PBC stock opened at $13.11 on Friday. Planet Labs PBC has a one year low of $2.18 and a one year high of $16.78. The company has a market cap of $4.04 billion, a PE ratio of -43.68 and a beta of 1.99. The business has a 50-day simple moving average of $10.22 and a 200-day simple moving average of $6.68.

Planet Labs PBC (NYSE:PL) last announced its quarterly earnings data on Monday, September 8th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). Planet Labs PBC had a negative return on equity of 20.25% and a negative net margin of 34.46%.The company had revenue of $73.39 million for the quarter, compared to analyst estimates of $65.88 million. During the same period in the prior year, the firm posted ($0.06) earnings per share. The business’s quarterly revenue 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, sell-side analysts predict that Planet Labs PBC will post -0.37 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Planet Labs PBC news, insider Robert H. Schingler sold 81,656 shares of the business’s stock in a transaction that occurred on Monday, October 13th. The stock was sold at an average price of $15.50, for a total value of $1,265,668.00. Following the completion of the sale, the insider owned 1,288,843 shares in the company, valued at approximately $19,977,066.50. The trade was a 5.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 17.53% of the company’s stock.

Institutional Investors Weigh In On Planet Labs PBC

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PL. Rhumbline Advisers lifted its stake in Planet Labs PBC by 2.3% in the first quarter. Rhumbline Advisers now owns 293,950 shares of the company’s stock valued at $994,000 after buying an additional 6,692 shares during the last quarter. SG Americas Securities LLC lifted its stake in Planet Labs PBC by 37.3% in the first quarter. SG Americas Securities LLC now owns 85,821 shares of the company’s stock valued at $290,000 after buying an additional 23,300 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new stake in Planet Labs PBC in the first quarter valued at approximately $979,000. Allspring Global Investments Holdings LLC purchased a new stake in Planet Labs PBC in the first quarter valued at approximately $115,000. Finally, Crown Wealth Group LLC lifted its holdings in shares of Planet Labs PBC by 60.6% during the first quarter. Crown Wealth Group LLC now owns 31,000 shares of the company’s stock worth $105,000 after purchasing an additional 11,700 shares during the period. Hedge funds and other institutional investors 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.