Planet Labs reported a strong second quarter with 58% revenue growth and improved gross margins, driven by increased demand for its satellite services in defense and intelligence sectors. The company raised its full-year guidance, supported by a solid backlog of over $400 million expected to convert within 12 months. However, rising capital expenditures and ongoing share issuance pose dilution risks. Despite these challenges, the company’s growth prospects and profitability improvements justify a speculative Buy rating with a $29.33 price target.
Planet Labs trades at USD 16.22 on Pluang as of Sep 19, 2026 00:12 WIB, down 4.53% in one day. The stock's market cap stands at $6.18 billion, with a 52-week low of $10.61 and high of $51.40. Pluang investors currently show 100% buy interest, reflecting strong demand despite recent price drops.
Planet Labs PBC reported a record $116.1 million revenue in Q2 2027, marking a 58% year-over-year increase, driven by 98% recurring annual contract value and a narrowing net loss. The company is transitioning towards sustainable profitability with po...
Space stocks including Rocket Lab, AST SpaceMobile, and Planet Labs dropped significantly on Friday, with Rocket Lab down 5%. The selloff appears driven by sector rotation rather than company-specific news, as AST SpaceMobile, unrelated to Rocket Lab...
