Planet Labs PBC (PL) Stock Forecast, Price Target & Predictions

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PL Stock Forecast

Planet Labs PBC stock forecast is as follows: an average price target of $3.67 (represents a 10.54% upside from PL’s last price of $3.32) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.

PL Price Target

The average price target for Planet Labs PBC (PL) is $3.67 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $5.00 to $2.00. This represents a potential 10.54% upside from PL's last price of $3.32.

PL Analyst Ratings

Buy

According to 7 Wall Street analysts, Planet Labs PBC's rating consensus is 'Buy'. The analyst rating breakdown for PL stock is 0 'Strong Buy' (0.00%), 5 'Buy' (71.43%), 2 'Hold' (28.57%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Planet Labs PBC Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Sep 06, 2024	Ryan Koontz	Needham	$5.00	$2.48	101.61%	50.60%
Jun 10, 2024	Ryan Koontz	Needham	$7.00	$2.04	243.98%	110.84%
Jun 07, 2024	Jeff Van Rhee	Craig-Hallum	$2.00	$2.02	-1.23%	-39.76%
Apr 01, 2024	Trevor Walsh	JMP Securities	$4.00	$2.55	56.86%	20.48%
Jun 23, 2023	Trevor Walsh	JMP Securities	$5.50	$3.07	79.15%	65.66%
Jun 09, 2023	Ryan Koontz	Needham	$8.00	$3.41	134.60%	140.96%
Dec 15, 2022	Ryan Koontz	Needham	$9.00	$5.05	78.04%	171.08%

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The latest Planet Labs PBC stock forecast, released on Sep 06, 2024 by Ryan Koontz from Needham, set a price target of $5.00, which represents a 101.61% increase from the stock price at the time of the forecast ($2.48), and a 50.60% increase from PL last price ($3.32).

Planet Labs PBC Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	4
Avg Price Target	-	$5.00	$4.50
Last Closing Price	$3.32	$3.32	$3.32
Upside/Downside	-100.00%	50.60%	35.54%

In the current month, the average price target of Planet Labs PBC stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Planet Labs PBC's last price of $3.32. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Sep 10, 2024	Wedbush	Market Outperform	Market Outperform	Hold
Sep 10, 2024	Needham	Underperform	Underperform	Hold
Sep 06, 2024	Craig-Hallum	Hold	Hold	Hold
Sep 06, 2024	Needham	Buy	Buy	Hold
Aug 16, 2024	Wedbush	Buy	Buy	Hold
Aug 16, 2024	Needham	Underperform	Underperform	Hold
Jun 26, 2024	JMP Securities	Underperform	Underperform	Hold
Jun 10, 2024	Needham	Market Outperform	Market Outperform	Hold
Jun 10, 2024	Needham	Buy	Buy	Hold
Jun 07, 2024	Craig-Hallum	Hold	Hold	Hold

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Planet Labs PBC's last stock rating was published by Wedbush on Sep 10, 2024. The company gave PL a "Market Outperform" rating, the same as its previous rate.

Planet Labs PBC Financial Forecast

Planet Labs PBC Revenue Forecast

	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22
Revenue	-	-	-	-	-	-	-	-	$58.85M	$55.38M	$53.76M	-	-	$49.70M	$48.45M	-	$37.15M
Avg Forecast	$76.99M	$73.10M	$70.42M	$68.49M	$66.83M	$63.26M	$61.82M	$60.03M	$58.19M	$55.21M	$54.04M	$52.91M	$52.57M	$47.19M	$42.48M	$39.50M	$36.06M
High Forecast	$78.64M	$74.66M	$71.92M	$69.95M	$68.06M	$63.99M	$61.82M	$60.03M	$58.19M	$55.85M	$55.20M	$54.05M	$53.70M	$48.15M	$43.34M	$40.30M	$36.79M
Low Forecast	$74.86M	$71.07M	$68.46M	$66.59M	$65.58M	$62.75M	$61.82M	$60.03M	$58.19M	$54.66M	$52.55M	$51.45M	$51.11M	$46.11M	$41.50M	$38.60M	$35.23M
# Analysts	3	3	3	3	6	5	2	2	3	6	3	3	3	3	3	3	3
Surprise %	-	-	-	-	-	-	-	-	1.01%	1.00%	0.99%	-	-	1.05%	1.14%	-	1.03%

Planet Labs PBC's average Quarter revenue forecast for May 24 based on 2 analysts is $60.03M, with a low forecast of $60.03M, and a high forecast of $60.03M. PL's average Quarter revenue forecast represents a 2.00% increase compared to the company's last Quarter revenue of $58.85M (Jan 24).

Planet Labs PBC EBITDA Forecast

	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22
# Analysts	3	3	3	3	6	5	2	2	3	6	3	3	3	3	3	3	3
EBITDA	-	-	-	-	-	-	-	-	$-33.92M	$-47.86M	$-43.28M	-	-	$-17.39M	$-27.79M	-	$1.39M
Avg Forecast	$-39.11M	$-37.13M	$-35.77M	$-34.79M	$-33.95M	$-32.13M	$-31.40M	$-30.49M	$-29.56M	$-28.04M	$-27.45M	$-26.88M	$-26.70M	$-22.37M	$-20.14M	$1.03M	$-17.09M
High Forecast	$-38.02M	$-36.10M	$-34.78M	$-33.82M	$-33.31M	$-31.87M	$-31.40M	$-30.49M	$-29.56M	$-27.77M	$-26.69M	$-26.13M	$-25.96M	$-21.86M	$-19.67M	$1.24M	$-16.70M
Low Forecast	$-39.95M	$-37.93M	$-36.53M	$-35.53M	$-34.57M	$-32.50M	$-31.40M	$-30.49M	$-29.56M	$-28.37M	$-28.04M	$-27.45M	$-27.27M	$-22.82M	$-20.54M	$825.01K	$-17.44M
Surprise %	-	-	-	-	-	-	-	-	1.15%	1.71%	1.58%	-	-	0.78%	1.38%	-	-0.08%

3 analysts predict PL's average Quarter EBITDA for May 22 to be $1.03M, with a high of $1.24M and a low of $825.01K. This is -25.70% lower than Planet Labs PBC's previous annual EBITDA (Jan 22) of $1.39M.

Planet Labs PBC Net Income Forecast

	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22
# Analysts	3	3	3	3	6	5	2	2	3	6	3	3	3	3	3	3	3
Net Income	-	-	-	-	-	-	-	-	$-30.09M	$-38.00M	$-37.98M	-	-	$-40.24M	$-39.53M	-	$-45.97M
Avg Forecast	$-9.19M	$-9.68M	$-10.79M	$-11.84M	$-14.24M	$-15.45M	$-21.98M	$-20.61M	$-18.55M	$-23.38M	$-24.21M	$-28.50M	$-25.13M	$-38.29M	$-41.23M	$-34.15M	$-41.07M
High Forecast	$-8.86M	$-9.33M	$-10.40M	$-11.41M	$-13.72M	$-14.89M	$-21.19M	$-19.87M	$-17.88M	$-20.27M	$-23.34M	$-27.47M	$-24.22M	$-37.15M	$-40.00M	$-27.32M	$-39.84M
Low Forecast	$-9.45M	$-9.95M	$-11.08M	$-12.16M	$-14.63M	$-15.88M	$-22.59M	$-21.18M	$-19.06M	$-26.50M	$-24.88M	$-29.29M	$-25.83M	$-39.30M	$-42.31M	$-40.98M	$-42.15M
Surprise %	-	-	-	-	-	-	-	-	1.62%	1.63%	1.57%	-	-	1.05%	0.96%	-	1.12%

Planet Labs PBC's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. PL's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).

Planet Labs PBC SG&A Forecast

	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22
# Analysts	3	3	3	3	6	5	2	2	3	6	3	3	3	3	3	3	3
SG&A	-	-	-	-	-	-	-	-	$37.99M	$40.89M	$42.83M	-	-	$40.01M	$39.38M	-	$43.96M
Avg Forecast	$56.66M	$53.79M	$51.82M	$50.40M	$49.18M	$46.55M	$45.49M	$44.17M	$42.82M	$40.62M	$39.77M	$38.94M	$38.68M	$34.73M	$31.26M	$32.66M	$26.54M
High Forecast	$57.87M	$54.94M	$52.93M	$51.48M	$50.08M	$47.09M	$45.49M	$44.17M	$42.82M	$41.10M	$40.62M	$39.77M	$39.51M	$35.43M	$31.89M	$39.19M	$27.07M
Low Forecast	$55.09M	$52.30M	$50.38M	$49.00M	$48.26M	$46.17M	$45.49M	$44.17M	$42.82M	$40.22M	$38.67M	$37.86M	$37.61M	$33.93M	$30.54M	$26.13M	$25.93M
Surprise %	-	-	-	-	-	-	-	-	0.89%	1.01%	1.08%	-	-	1.15%	1.26%	-	1.66%

Planet Labs PBC's average Quarter SG&A projection for May 24 is $44.17M, based on 2 Wall Street analysts, with a range of $44.17M to $44.17M. The forecast indicates a 16.28% rise compared to PL last annual SG&A of $37.99M (Jan 24).

Planet Labs PBC EPS Forecast

	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22
# Analysts	3	3	3	3	6	5	2	2	3	6	3	3	3	3	3	3	3
EPS	-	-	-	-	-	-	-	-	$-0.00	$-0.00	$-0.00	-	-	$-0.15	$-0.15	-	$-0.26
Avg Forecast	$-0.03	$-0.03	$-0.04	$-0.04	$-0.05	$-0.05	$-0.08	$-0.07	$-0.06	$-0.08	$-0.08	$-0.10	$-0.09	$-0.13	$-0.14	$-0.13	$-0.14
High Forecast	$-0.03	$-0.03	$-0.04	$-0.04	$-0.05	$-0.05	$-0.07	$-0.07	$-0.06	$-0.07	$-0.08	$-0.09	$-0.08	$-0.13	$-0.14	$-0.12	$-0.14
Low Forecast	$-0.03	$-0.03	$-0.04	$-0.04	$-0.05	$-0.05	$-0.08	$-0.07	$-0.07	$-0.09	$-0.09	$-0.10	$-0.09	$-0.14	$-0.15	$-0.13	$-0.15
Surprise %	-	-	-	-	-	-	-	-	0.00%	0.00%	0.00%	-	-	1.14%	1.06%	-	1.84%

According to undefined Wall Street analysts, Planet Labs PBC's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to PL previous annual EPS of $NaN (undefined).

Planet Labs PBC Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
SPCE	Virgin Galactic	$6.72	$15.64	132.74%	Hold
EVEX	Eve	$3.29	$6.75	105.17%	Buy
PL	Planet Labs PBC	$3.32	$3.67	10.54%	Buy
LUNR	Intuitive Machines	$14.00	$11.13	-20.50%	Buy
RDW	Radware	$11.68	$8.88	-23.97%	Buy
RKLB	Rocket Lab USA	$22.41	$7.81	-65.15%	Buy

PL Forecast FAQ

Is Planet Labs PBC a good buy?

Yes, according to 7 Wall Street analysts, Planet Labs PBC (PL) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 71.43% of PL's total ratings.

What is PL's price target?

Planet Labs PBC (PL) average price target is $3.67 with a range of $2 to $5, implying a 10.54% from its last price of $3.32. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Planet Labs PBC stock go up soon?

According to Wall Street analysts' prediction for PL stock, the company can go up by 10.54% (from the last price of $3.32 to the average price target of $3.67), up by 50.60% based on the highest stock price target, and down by -39.76% based on the lowest stock price target.

Can Planet Labs PBC stock reach $5?

PL's average twelve months analyst stock price target of $3.67 does not support the claim that Planet Labs PBC can reach $5 in the near future.

What are Planet Labs PBC's analysts' financial forecasts?

Planet Labs PBC's analysts financial forecasts for the fiscal year (Jan 2025) are as follows: average revenue is $251.93M (high $253.89M, low $250.17M), average EBITDA is $-128M (high $-127M, low $-129M), average net income is $-72.275M (high $-69.668M, low $-74.285M), average SG&A $185.39M (high $186.83M, low $184.09M), and average EPS is $-0.249 (high $-0.24, low $-0.256). PL's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $289M (high $295.18M, low $280.98M), average EBITDA is $-147M (high $-143M, low $-150M), average net income is $-41.495M (high $-39.998M, low $-42.648M), average SG&A $212.66M (high $217.21M, low $206.76M), and average EPS is $-0.143 (high $-0.138, low $-0.147).

Did the PL's actual financial results beat the analysts' financial forecasts?

Based on Planet Labs PBC's last annual report (Jan 2024), the company's revenue was $220.7M, beating the average analysts forecast of $220.36M by 0.15%. Apple's EBITDA was $-170M, beating the average prediction of $-112M by 51.66%. The company's net income was $-141M, beating the average estimation of $-94.633M by 48.48%. Apple's SG&A was $166.36M, beating the average forecast of $162.15M by 2.59%. Lastly, the company's EPS was $-0.0005, missing the average prediction of $-0.326 by -99.85%. In terms of the last quarterly report (Jan 2024), Planet Labs PBC's revenue was $58.85M, beating the average analysts' forecast of $58.19M by 1.14%. The company's EBITDA was $-33.918M, beating the average prediction of $-29.557M by 14.76%. Planet Labs PBC's net income was $-30.086M, beating the average estimation of $-18.545M by 62.23%. The company's SG&A was $37.99M, missing the average forecast of $42.82M by -11.28%. Lastly, the company's EPS was $-0.0001, missing the average prediction of $-0.0639 by -99.84%