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 66.06% upside from PL’s last price of $2.21) 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 66.06% upside from PL's last price of $2.21.

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


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 06, 2024Ryan KoontzNeedham$5.00$2.48101.61%126.24%
Jun 10, 2024Ryan KoontzNeedham$7.00$2.04243.98%216.74%
Jun 07, 2024Jeff Van RheeCraig-Hallum$2.00$2.02-1.23%-9.50%
Apr 01, 2024Trevor WalshJMP Securities$4.00$2.5556.86%81.00%
Jun 23, 2023Trevor WalshJMP Securities$5.50$3.0779.15%148.87%
Jun 09, 2023Ryan KoontzNeedham$8.00$3.41134.60%261.99%
Dec 15, 2022Ryan KoontzNeedham$9.00$5.0578.04%307.24%
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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 126.24% increase from PL last price ($2.21).

Planet Labs PBC Price Target by Period


1M3M12M
# Anlaysts-14
Avg Price Target-$5.00$4.50
Last Closing Price$2.21$2.21$2.21
Upside/Downside-100.00%126.24%103.62%

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 $2.21. 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


DateCompanyPrevious RatingNew RatingRating Change
Sep 10, 2024WedbushMarket OutperformMarket OutperformHold
Sep 10, 2024NeedhamUnderperformUnderperformHold
Sep 06, 2024Craig-HallumHoldHoldHold
Sep 06, 2024NeedhamBuyBuyHold
Aug 16, 2024WedbushBuyBuyHold
Aug 16, 2024NeedhamUnderperformUnderperformHold
Jun 26, 2024JMP SecuritiesUnderperformUnderperformHold
Jun 10, 2024NeedhamMarket OutperformMarket OutperformHold
Jun 10, 2024NeedhamBuyBuyHold
Jun 07, 2024Craig-HallumHoldHoldHold
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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 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 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
# Analysts33336522363333333
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 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22
# Analysts33336522363333333
EBITDA--------$-33.92M$-47.86M$-43.28M--$-17.39M$-27.79M-$1.39M
Avg Forecast$-36.50M$-34.65M$-33.38M$-32.47M$-31.68M$-29.99M$-29.30M$-28.46M$-27.58M$-26.17M$-25.62M$-25.08M$-24.92M$-22.37M$-20.14M$1.03M$-17.09M
High Forecast$-35.49M$-33.69M$-32.45M$-31.57M$-31.09M$-29.74M$-29.30M$-28.46M$-27.58M$-25.91M$-24.91M$-24.39M$-24.23M$-21.86M$-19.67M$1.24M$-16.70M
Low Forecast$-37.28M$-35.39M$-34.09M$-33.16M$-32.26M$-30.33M$-29.31M$-28.46M$-27.58M$-26.48M$-26.17M$-25.62M$-25.45M$-22.82M$-20.54M$825.01K$-17.44M
Surprise %--------1.23%1.83%1.69%--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 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22
# Analysts33336522363333333
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 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22
# Analysts33336522363333333
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 26Oct 25Jul 25May 25Jan 25Oct 24Jul 24May 24Jan 24Oct 23Jul 23May 23Jan 23Oct 22Jul 22May 22Jan 22
# Analysts33336522363333333
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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
EVEXEve$2.73$6.75147.25%Buy
SPCEVirgin Galactic$6.42$15.64143.61%Hold
PLPlanet Labs PBC$2.21$3.6766.06%Buy
LUNRIntuitive Machines$7.58$10.7541.82%Buy
RDWRadware$7.65$8.8816.08%Buy
RKLBRocket Lab USA$11.25$7.81-30.58%Buy

PL Forecast FAQ


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.

Planet Labs PBC (PL) average price target is $3.67 with a range of $2 to $5, implying a 66.06% from its last price of $2.21. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for PL stock, the company can go up by 66.06% (from the last price of $2.21 to the average price target of $3.67), up by 126.24% based on the highest stock price target, and down by -9.50% based on the lowest stock price target.

PL's average twelve months analyst stock price target of $3.67 supports the claim that Planet Labs PBC can reach $3 in the near future.

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 $-119M (high $-119M, low $-120M), 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 $-137M (high $-133M, low $-140M), 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).

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 $-104M by 62.50%. 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 $-27.584M by 22.96%. 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%