Brokers Issue Forecasts for Planet Labs PBC FY2025 Earnings

Planet Labs PBC (NYSE:PL - Free Report) - Equities research analysts at Northland Capmk raised their FY2025 earnings estimates for shares of Planet Labs PBC in a report released on Tuesday, December 10th. Northland Capmk analyst M. Latimore now forecasts that the company will post earnings of ($0.37) per share for the year, up from their previous forecast of ($0.42). The consensus estimate for Planet Labs PBC's current full-year earnings is ($0.41) per share. Northland Capmk also issued estimates for Planet Labs PBC's Q4 2025 earnings at ($0.07) EPS, Q1 2026 earnings at ($0.07) EPS, Q2 2026 earnings at ($0.06) EPS, Q3 2026 earnings at ($0.06) EPS, Q4 2026 earnings at ($0.06) EPS and FY2026 earnings at ($0.26) EPS.

A number of other brokerages have also issued reports on PL. JMP Securities restated a "market outperform" rating and set a $4.50 target price (up previously from $4.00) on shares of Planet Labs PBC in a research report on Monday. Wedbush reaffirmed an "outperform" rating and set a $5.00 price target on shares of Planet Labs PBC in a research note on Friday, August 16th. Needham & Company LLC reissued a "buy" rating and set a $5.00 target price on shares of Planet Labs PBC in a research note on Tuesday. Craig Hallum raised their price target on shares of Planet Labs PBC from $2.50 to $3.50 and gave the stock a "hold" rating in a report on Tuesday. Finally, The Goldman Sachs Group reduced their price objective on shares of Planet Labs PBC from $3.50 to $3.10 and set a "buy" rating for the company in a report on Tuesday, September 10th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $4.14.

Planet Labs PBC Price Performance

NYSE:PL traded up $0.09 on Friday, hitting $3.98. 1,888,665 shares of the company's stock were exchanged, compared to its average volume of 2,125,557. The company has a market cap of $1.17 billion, a P/E ratio of -9.52 and a beta of 1.34. Planet Labs PBC has a 52 week low of $1.67 and a 52 week high of $4.99. The firm has a 50-day moving average price of $2.92 and a 200-day moving average price of $2.41.

Institutional Trading of Planet Labs PBC

Several hedge funds have recently added to or reduced their stakes in PL. ArrowMark Colorado Holdings LLC grew its stake in Planet Labs PBC by 28.2% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 1,817,000 shares of the company's stock worth $4,052,000 after buying an additional 400,000 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Planet Labs PBC by 119.8% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 895,109 shares of the company's stock valued at $1,996,000 after purchasing an additional 487,958 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new position in Planet Labs PBC in the 2nd quarter worth $632,000. The Manufacturers Life Insurance Company raised its holdings in Planet Labs PBC by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 71,850 shares of the company's stock worth $134,000 after purchasing an additional 5,395 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in Planet Labs PBC by 14.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,678 shares of the company's stock worth $130,000 after purchasing an additional 6,215 shares in the last quarter. 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.