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 $3.67 (represents a 70.30% upside from PL’s last price of $2.15) 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 70.30% upside from PL's last price of $2.15.
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% | 132.02% |
| Jun 10, 2024 | Ryan Koontz | Needham | $7.00 | $2.04 | 243.98% | 224.83% |
| Jun 07, 2024 | Jeff Van Rhee | Craig-Hallum | $2.00 | $2.02 | -1.23% | -7.19% |
| Apr 01, 2024 | Trevor Walsh | JMP Securities | $4.00 | $2.55 | 56.86% | 85.61% |
| Jun 23, 2023 | Trevor Walsh | JMP Securities | $5.50 | $3.07 | 79.15% | 155.22% |
| Jun 09, 2023 | Ryan Koontz | Needham | $8.00 | $3.41 | 134.60% | 271.23% |
| Dec 15, 2022 | Ryan Koontz | Needham | $9.00 | $5.05 | 78.04% | 317.63% |
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 132.02% increase from PL last price ($2.15).
Planet Labs PBC Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 4 |
| Avg Price Target | $5.00 | $5.00 | $4.50 |
| Last Closing Price | $2.15 | $2.15 | $2.15 |
| Upside/Downside | 132.02% | 132.02% | 108.82% |
In the current month, the average price target of Planet Labs PBC stock is $5.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 132.02% increase as opposed to Planet Labs PBC's last price of $2.15. This month's average price target is down 0.00% compared to last quarter, and up 11.11% 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 |
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 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | $58.85M | $55.38M | $53.76M | - | - | $49.70M | $48.45M | $40.13M | $37.15M |
| Avg Forecast | $77.13M | $73.32M | $70.77M | $68.59M | $66.85M | $63.38M | $61.82M | $60.03M | $58.19M | $55.21M | $54.04M | $52.91M | $52.57M | $47.19M | $42.48M | $39.50M | $36.06M |
| High Forecast | $78.55M | $74.67M | $72.08M | $69.85M | $68.08M | $64.11M | $62.96M | $61.13M | $59.26M | $55.85M | $55.04M | $53.89M | $53.54M | $48.06M | $42.85M | $42.07M | $37.78M |
| Low Forecast | $75.79M | $72.05M | $69.55M | $67.40M | $65.61M | $62.87M | $60.75M | $58.99M | $57.18M | $54.66M | $53.11M | $52.00M | $51.66M | $46.38M | $42.17M | $38.26M | $35.11M |
| # Analysts | 2 | 1 | 1 | 1 | 5 | 4 | 2 | 2 | 3 | 6 | 3 | 3 | 3 | 3 | 2 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 0.99% | - | - | 1.05% | 1.14% | 1.02% | 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 $58.99M, and a high forecast of $61.13M. 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 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 5 | 4 | 2 | 2 | 3 | 6 | 3 | 3 | 3 | 3 | 2 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | $-33.92M | $-47.86M | $-43.28M | - | - | $-17.39M | $-27.79M | $-32.42M | $1.39M |
| Avg Forecast | $-36.56M | $-34.76M | $-33.55M | $-32.51M | $-31.69M | $-30.05M | $-29.30M | $-28.46M | $-27.58M | $-26.17M | $-25.62M | $-25.08M | $-24.92M | $-22.37M | $-20.14M | $-18.73M | $-17.09M |
| High Forecast | $-35.93M | $-34.16M | $-32.97M | $-31.95M | $-31.10M | $-29.80M | $-28.80M | $-27.96M | $-27.11M | $-25.91M | $-25.18M | $-24.65M | $-24.49M | $-21.99M | $-19.99M | $-18.14M | $-16.65M |
| Low Forecast | $-37.23M | $-35.40M | $-34.17M | $-33.11M | $-32.27M | $-30.39M | $-29.84M | $-28.98M | $-28.09M | $-26.48M | $-26.09M | $-25.55M | $-25.38M | $-22.78M | $-20.31M | $-19.94M | $-17.91M |
| Surprise % | - | - | - | - | - | - | - | - | 1.23% | 1.83% | 1.69% | - | - | 0.78% | 1.38% | 1.73% | -0.08% |
3 analysts predict PL's average Quarter EBITDA for Apr 22 to be $-18.73M, with a high of $-18.14M and a low of $-19.94M. This is -1449.13% 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 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 5 | 4 | 2 | 2 | 3 | 6 | 3 | 3 | 3 | 3 | 2 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | $-30.09M | $-38.00M | $-37.98M | - | - | $-40.24M | $-39.53M | $-44.36M | $-45.97M |
| Avg Forecast | $-9.68M | $-10.16M | $-11.20M | $-12.20M | $-14.56M | $-17.54M | $-21.98M | $-20.61M | $-18.55M | $-23.38M | $-24.21M | $-28.50M | $-25.13M | $-38.29M | $-40.93M | $-36.02M | $-40.52M |
| High Forecast | $-9.46M | $-9.93M | $-10.95M | $-11.92M | $-14.23M | $-16.15M | $-21.49M | $-20.15M | $-18.13M | $-20.27M | $-23.67M | $-27.86M | $-24.57M | $-37.43M | $-40.55M | $-34.54M | $-39.14M |
| Low Forecast | $-9.91M | $-10.41M | $-11.47M | $-12.49M | $-14.91M | $-18.93M | $-22.51M | $-21.10M | $-18.99M | $-26.50M | $-24.79M | $-29.18M | $-25.73M | $-39.20M | $-41.40M | $-39.07M | $-43.03M |
| Surprise % | - | - | - | - | - | - | - | - | 1.62% | 1.63% | 1.57% | - | - | 1.05% | 0.97% | 1.23% | 1.13% |
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 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 5 | 4 | 2 | 2 | 3 | 6 | 3 | 3 | 3 | 3 | 2 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | $37.99M | $40.89M | $42.83M | - | - | $40.01M | $39.38M | $39.46M | $43.96M |
| Avg Forecast | $56.76M | $53.95M | $52.08M | $50.47M | $49.19M | $46.64M | $45.49M | $44.17M | $42.82M | $40.62M | $39.77M | $38.94M | $38.68M | $34.73M | $31.26M | $29.07M | $26.54M |
| High Forecast | $57.80M | $54.94M | $53.04M | $51.40M | $50.10M | $47.18M | $46.33M | $44.99M | $43.61M | $41.10M | $40.50M | $39.65M | $39.40M | $35.37M | $31.53M | $30.96M | $27.80M |
| Low Forecast | $55.77M | $53.02M | $51.18M | $49.60M | $48.28M | $46.26M | $44.70M | $43.41M | $42.08M | $40.22M | $39.08M | $38.27M | $38.02M | $34.13M | $31.03M | $28.15M | $25.84M |
| Surprise % | - | - | - | - | - | - | - | - | 0.89% | 1.01% | 1.08% | - | - | 1.15% | 1.26% | 1.36% | 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 $43.41M to $44.99M. 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 | Apr 22 | Jan 22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 1 | 1 | 1 | 5 | 4 | 2 | 2 | 3 | 6 | 3 | 3 | 3 | 3 | 2 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | $-0.00 | $-0.00 | $-0.00 | - | - | $-0.15 | $-0.15 | $-0.17 | $-0.26 |
| Avg Forecast | $-0.03 | $-0.04 | $-0.04 | $-0.04 | $-0.05 | $-0.06 | $-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 | $-0.06 | $-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 | $-0.04 | $-0.04 | $-0.04 | $-0.05 | $-0.07 | $-0.08 | $-0.07 | $-0.07 | $-0.09 | $-0.09 | $-0.10 | $-0.09 | $-0.14 | $-0.14 | $-0.14 | $-0.15 |
| Surprise % | - | - | - | - | - | - | - | - | 0.00% | 0.00% | 0.00% | - | - | 1.14% | 1.06% | 1.35% | 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 |
|---|---|---|---|---|---|
| LLAP | Terran Orbital | $0.27 | $6.50 | 2307.41% | Buy |
| EVEX | Eve | $2.87 | $6.75 | 135.19% | Buy |
| SPCE | Virgin Galactic | $6.99 | $15.88 | 127.18% | Hold |
| PL | Planet Labs PBC | $2.15 | $3.67 | 70.70% | Buy |
| LUNR | Intuitive Machines | $6.13 | $9.75 | 59.05% | Buy |
| RDW | Radware | $6.49 | $8.13 | 25.27% | Buy |
| RKLB | Rocket Lab USA | $7.46 | $7.31 | -2.01% | 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 70.30% from its last price of $2.15. 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 70.30% (from the last price of $2.15 to the average price target of $3.67), up by 132.02% based on the highest stock price target, and down by -7.19% based on the lowest stock price target.
Can Planet Labs PBC stock reach $3?
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.
What is Planet Labs PBC's current price target trend?
1 Wall Street analyst forecast a $5 price target for Planet Labs PBC (PL) this month, up 132.02% from its last price of $2.15. Compared to the last 3 and 12 months, the average price target increased by 132.02% and increased by 108.82%, respectively.
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 $252.08M (high $256.28M, low $248.21M), average EBITDA is $-119M (high $-118M, low $-121M), average net income is $-74.686M (high $-72.014M, low $-77.442M), average SG&A $185.49M (high $188.59M, low $182.65M), and average EPS is $-0.257 (high $-0.248, low $-0.267). PL's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $289.81M (high $295.14M, low $284.8M), average EBITDA is $-137M (high $-135M, low $-140M), average net income is $-43.24M (high $-42.268M, low $-44.274M), average SG&A $213.26M (high $217.18M, low $209.57M), and average EPS is $-0.149 (high $-0.146, low $-0.152).
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 $-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%