Planet Labs PBC (PL) Stock Forecast, Price Target & Predictions
PL Stock Forecast
Planet Labs PBC stock forecast is as follows: an average price target of $5.00 (represents a 23.76% upside from PL’s last price of $4.04) 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 $5.00 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 $5.00. This represents a potential 23.76% upside from PL's last price of $4.04.
PL Analyst Ratings
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% | 23.76% |
| Jun 10, 2024 | Ryan Koontz | Needham | $7.00 | $2.04 | 243.98% | 73.27% |
| Jun 07, 2024 | Jeff Van Rhee | Craig-Hallum | $2.00 | $2.02 | -1.23% | -50.50% |
| Apr 01, 2024 | Trevor Walsh | JMP Securities | $4.00 | $2.55 | 56.86% | -0.99% |
| Jun 23, 2023 | Trevor Walsh | JMP Securities | $5.50 | $3.07 | 79.15% | 36.14% |
| Jun 09, 2023 | Ryan Koontz | Needham | $8.00 | $3.41 | 134.60% | 98.02% |
| Dec 15, 2022 | Ryan Koontz | Needham | $9.00 | $5.05 | 78.04% | 122.77% |
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 23.76% increase from PL last price ($4.04).
Planet Labs PBC Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 4 |
| Avg Price Target | - | - | $4.50 |
| Last Closing Price | $4.04 | $4.04 | $4.04 |
| Upside/Downside | -100.00% | -100.00% | 11.39% |
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 $4.04. This month's average price target is down NaN% 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 |
| May 20, 2024 | JMP Securities | Underperform | Underperform | Hold |
| May 20, 2024 | Needham | Market Outperform | Market Outperform | Hold |
| Apr 04, 2024 | JMP Securities | Underperform | Underperform | Hold |
| Apr 04, 2024 | Needham | Market Outperform | Market Outperform | Hold |
| Apr 04, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 02, 2024 | Benchmark | Buy | Buy | Hold |
| Apr 01, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Apr 01, 2024 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Oct 11, 2023 | Benchmark | Buy | Buy | Hold |
| Sep 08, 2023 | Needham | Buy | Buy | Hold |
| Sep 08, 2023 | Benchmark | Buy | Buy | Hold |
| Jun 23, 2023 | JMP Securities | Market Perform | Market Perform | Hold |
| Jun 12, 2023 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jun 09, 2023 | Needham | Buy | Buy | Hold |
| Mar 30, 2023 | Needham | Buy | Buy | Hold |
| Mar 28, 2023 | CLSA | Buy | Upgrade | |
| Dec 15, 2022 | Needham | Buy | Buy | Hold |
| Sep 13, 2022 | Needham | Buy | Buy | Hold |
| Jan 12, 2022 | Goldman Sachs | Buy | Initialise |
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 27 | Oct 26 | Jul 26 | May 26 | 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 | $87.75M | $85.65M | $83.02M | $80.09M | $73.75M | $70.52M | $67.68M | $65.62M | $62.79M | $63.12M | $61.82M | $60.03M | $58.19M | $55.21M | $54.04M | $52.91M | $52.57M | $47.19M | $42.48M | $39.50M | $36.06M |
| High Forecast | $90.93M | $88.75M | $86.03M | $82.99M | $76.41M | $73.08M | $70.13M | $67.99M | $62.91M | $63.85M | $61.82M | $60.03M | $58.19M | $55.85M | $56.00M | $54.83M | $54.47M | $48.15M | $43.34M | $40.30M | $36.79M |
| Low Forecast | $86.32M | $84.25M | $81.66M | $78.78M | $72.54M | $69.37M | $66.57M | $64.55M | $62.68M | $62.61M | $61.82M | $60.03M | $58.19M | $54.66M | $53.16M | $52.05M | $51.71M | $46.11M | $41.50M | $38.60M | $35.23M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 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 27 | Oct 26 | Jul 26 | May 26 | 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 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 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 | $-44.57M | $-43.51M | $-42.17M | $-40.68M | $-37.46M | $-35.82M | $-34.38M | $-33.33M | $-31.90M | $-32.06M | $-31.40M | $-30.49M | $-29.56M | $-28.04M | $-27.45M | $-26.88M | $-26.70M | $-22.37M | $-20.14M | $1.03M | $-17.09M |
| High Forecast | $-43.85M | $-42.80M | $-41.48M | $-40.02M | $-36.85M | $-35.24M | $-33.82M | $-32.79M | $-31.84M | $-31.80M | $-31.40M | $-30.49M | $-29.56M | $-27.77M | $-27.00M | $-26.44M | $-26.27M | $-21.86M | $-19.67M | $1.24M | $-16.70M |
| Low Forecast | $-46.19M | $-45.08M | $-43.70M | $-42.15M | $-38.81M | $-37.12M | $-35.62M | $-34.54M | $-31.95M | $-32.43M | $-31.40M | $-30.49M | $-29.56M | $-28.37M | $-28.45M | $-27.85M | $-27.67M | $-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 27 | Oct 26 | Jul 26 | May 26 | 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 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 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 | $-8.80M | $-5.87M | $-5.87M | $-8.80M | $-6.84M | $-6.30M | $-8.33M | $-8.16M | $-8.90M | $-15.36M | $-22.21M | $-20.82M | $-18.74M | $-23.62M | $-24.46M | $-28.79M | $-25.39M | $-38.29M | $-41.23M | $-34.15M | $-41.07M |
| High Forecast | $-8.61M | $-5.74M | $-5.74M | $-8.61M | $-6.70M | $-6.16M | $-8.15M | $-7.98M | $-5.94M | $-15.03M | $-21.73M | $-20.38M | $-18.34M | $-20.47M | $-23.94M | $-28.18M | $-24.85M | $-37.15M | $-40.00M | $-27.32M | $-39.84M |
| Low Forecast | $-9.21M | $-6.14M | $-6.14M | $-9.21M | $-7.17M | $-6.59M | $-8.72M | $-8.54M | $-11.87M | $-16.08M | $-23.25M | $-21.80M | $-19.62M | $-26.77M | $-25.61M | $-30.14M | $-26.58M | $-39.30M | $-42.31M | $-40.98M | $-42.15M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.61% | 1.61% | 1.55% | - | - | 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 27 | Oct 26 | Jul 26 | May 26 | 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 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 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 | $64.57M | $63.03M | $61.09M | $58.94M | $54.27M | $51.90M | $49.80M | $48.29M | $46.21M | $46.45M | $45.49M | $44.17M | $42.82M | $40.62M | $39.77M | $38.94M | $38.68M | $34.73M | $31.26M | $32.66M | $26.54M |
| High Forecast | $66.91M | $65.31M | $63.30M | $61.07M | $56.23M | $53.77M | $51.60M | $50.03M | $46.29M | $46.99M | $45.49M | $44.17M | $42.82M | $41.10M | $41.21M | $40.35M | $40.08M | $35.43M | $31.89M | $39.19M | $27.07M |
| Low Forecast | $63.52M | $62.00M | $60.09M | $57.97M | $53.38M | $51.05M | $48.99M | $47.50M | $46.13M | $46.07M | $45.49M | $44.17M | $42.82M | $40.22M | $39.12M | $38.30M | $38.05M | $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 27 | Oct 26 | Jul 26 | May 26 | 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 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 5 | 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 | $-0.02 | $-0.02 | $-0.03 | $-0.02 | $-0.02 | $-0.03 | $-0.03 | $-0.03 | $-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 | $-0.02 | $-0.02 | $-0.03 | $-0.02 | $-0.02 | $-0.03 | $-0.03 | $-0.02 | $-0.05 | $-0.07 | $-0.07 | $-0.06 | $-0.07 | $-0.08 | $-0.10 | $-0.08 | $-0.13 | $-0.14 | $-0.12 | $-0.14 |
| Low Forecast | $-0.03 | $-0.02 | $-0.02 | $-0.03 | $-0.02 | $-0.02 | $-0.03 | $-0.03 | $-0.04 | $-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).