The consensus analyst price target for Planet Labs PBC has increased from $7.16 to $8.84, reflecting improved revenue growth expectations and a higher future P/E multiple.
What's in the News
- Planet Labs secured several major government and defense contracts, including multi-year agreements with IGAC (Colombian government), Farmdar (agriculture), a €240 million German-funded contract, a seven-figure NATO contract, an expansion with the U.S. Navy, and continued work with the U.S. Department of Defense and National Reconnaissance Office.
- The company completed and expanded commercial deployments of next-generation Pelican tasking satellites, successfully launching Pelican-3 and Pelican-4 with 40 cm class resolution and onboard AI computing, and plans to launch more, aiming eventually for 30 cm class.
- Planet transitioned in major Russell index rebalancings: added to multiple growth indices (including Russell 2000, 2500, 3000, and Small Cap Growth), while being dropped from their value counterparts.
- Provided third quarter and full fiscal year 2026 revenue guidance of $71–$74 million and $281–$289 million, respectively.
- Completed a successful government data pilot with the Tony Blair Institute and Zanzibar, demonstrating potential for scaled public sector partnerships.
Valuation Changes
Summary of Valuation Changes for Planet Labs PBC
- The Consensus Analyst Price Target has significantly risen from $7.16 to $8.84.
- The Future P/E for Planet Labs PBC has significantly risen from 100.74x to 123.57x.
- The Consensus Revenue Growth forecasts for Planet Labs PBC has risen slightly from 17.8% per annum to 18.5% per annum.
Disclaimer
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