Assessing Planet Labs (PL) Valuation After Its Recent Share Price Surge

Planet Labs PBC (PL) has quietly delivered a massive turnaround for shareholders, with the stock up roughly 72% over the past month and almost 59% in the past 3 months.

See our latest analysis for Planet Labs PBC.

That surge has flipped the script on what had been a tough stretch, with a powerful year to date share price return of 383.12% and a three year total shareholder return of 325.28% signaling that momentum has clearly shifted in Planet Labs PBC's favor.

If this kind of swing has you rethinking your watchlist, it could be a good moment to explore high growth tech and AI stocks for other potential standouts leveraging data and automation tailwinds.

Yet with shares now trading slightly above Wall Street’s target and fundamentals still catching up, investors face a pivotal question: Is Planet Labs PBC still an underappreciated growth story, or is the market already pricing in its next chapter?

Most Popular Narrative: 69.6% Overvalued

Compared to the last close of $19.18, the narrative fair value of $11.31 points to a steep valuation gap that demands closer inspection.

Planet Labs leads the EO market with the largest satellite constellation, poised to capitalize on the growing demand for Earth Observation and geospatial data from companies and governments.

Read the complete narrative.

According to andreas_eliades, this valuation leans on rapid top line expansion, improving margins, and a future profit multiple more commonly associated with elite growth franchises. Want to see how those assumptions combine to justify the gap between today’s price and the narrative fair value, and what that implies for long term upside potential? Read the full story to examine the numbers behind this call.

Result: Fair Value of $11.31 (OVERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, investors should watch for slower commercial adoption or unexpected launch setbacks, both of which could undermine growth assumptions and put pressure on today’s stretched valuation.

Find out about the key risks to this Planet Labs PBC narrative.

Build Your Own Planet Labs PBC Narrative

If you see the outlook differently or want to dig into the data yourself, you can build a complete narrative in just minutes: Do it your way.

A great starting point for your Planet Labs PBC research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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