PL stock forecast, quote, news & analysis
Planet Labs PBC is an Earth-imaging company... Show more
Why Planet Labs PBC (PL) Stock Is Down -47% in the Last 30 Days
Key Takeaways
- Planet Labs PBC (PL) shares have tumbled approximately 47% over the past 30 days, falling from around $51.14 on May 29 to $27.07 as of the June 26 close.
- The stock hit an all-time high of $51.76 on May 28 before a sharp reversal driven by an equity offering announcement, post-earnings sell pressure, and a broader rotation within the space sector.
- Q1 FY2027 results delivered on June 4 beat analyst expectations with revenue of $94.15 million and EPS of -$0.03, yet the stock sold off as forward guidance and dilution concerns weighed on sentiment.
- The highly anticipated SpaceX IPO, which initially lifted the entire space sector, ultimately triggered a "sell the news" event that accelerated profit-taking across names like RKLB, ASTS, and PL.
- Despite the pullback, multiple Wall Street analysts maintain Buy ratings with price targets ranging from $36 to $53, citing strong government contract momentum and AI-driven geospatial intelligence growth.
Planet Labs PBC (PL) Company Overview and Market Position
Planet Labs PBC is a San Francisco-based Earth imaging and geospatial intelligence company that designs, builds, and operates one of the world's largest fleets of Earth-observation satellites. Its constellation of hundreds of Dove and SkySat satellites captures daily, high-resolution imagery of the entire planet, delivering actionable data to customers across agriculture, forestry, defense, intelligence, energy, and finance. The company operates a subscription-based platform that combines satellite imagery with machine learning analytics, enabling governments and enterprises to monitor environmental change, track supply chains, assess crop yields, and support national security missions. As a public benefit corporation, Planet Labs has carved out a distinctive niche at the intersection of commercial space, artificial intelligence, and defense technology — three themes that have driven intense investor interest over the past year.
Planet Labs PBC (PL) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, PL stock has experienced a dramatic decline of approximately 47%, dropping from an adjusted closing price of $51.14 on May 29, 2026, to $27.07 at the close on June 26, 2026. The sell-off was concentrated in two sharp waves: the first following the company's Q1 FY2027 earnings report and concurrent equity offering filing on June 4–5, and the second during the week of June 12 as the SpaceX IPO made its public debut and capital rotated out of other space stocks.
Over the broader quarter, PL shares have been extraordinarily volatile. The stock entered the quarter near $28 in late March, surged to an all-time high of $51.76 on May 28 amid space-sector euphoria tied to the SpaceX IPO filing, and then gave back nearly all those gains to end the period roughly flat. The quarterly chart reflects a classic boom-and-bust pattern, with the stock now trading near levels last seen in early April.
What Drove PL Stock Price in the Last 30 Days
Several interconnected catalysts fueled the sharp 30-day decline in PL shares. On June 4, Planet Labs reported Q1 FY2027 results that beat consensus estimates — revenue of $94.15 million grew 42% year-over-year and exceeded the $90.13 million analyst forecast, while EPS of -$0.03 topped the -$0.04 estimate. However, the company simultaneously filed to sell Class A common stock, raising concerns about shareholder dilution. The stock plunged approximately 26% on June 5 alone.
The second major headwind arrived the following week. The SpaceX IPO, which had been a powerful catalyst lifting the entire space sector for months, finally priced and began trading around June 12–13. Rather than sustaining the rally, the debut triggered a classic "buy the rumor, sell the news" event. Investors who had piled into space stocks in anticipation of the IPO rotated out aggressively, with PL, RKLB, and ASTS all suffering double-digit percentage losses. Deutsche Bank subsequently lowered its PL price target to $36 from $38, while Goldman Sachs raised its target to $22 from $20 but maintained a Neutral rating, reflecting a divided analyst community.
Additional pressure came from elevated short interest — reported at 13.91% of the float — and significant insider selling, with insiders offloading over $9.6 million in stock over the prior three months. Jim Cramer publicly cautioned that PL is "not a stock you should chase blindly at these levels," adding to cautious retail sentiment.
What Drove PL Stock Performance Over the Last Quarter
The quarterly narrative for PL is defined by the SpaceX IPO halo effect and its subsequent unwinding. From late March through late May, PL shares more than doubled as retail and institutional investors poured into space-related equities ahead of the landmark SpaceX public listing. Planet Labs benefited disproportionately from this enthusiasm given its leadership in Earth observation, its growing defense and intelligence contract portfolio, and its positioning as an AI-enabled geospatial platform. The company secured an eight-figure contract extension with the National Geospatial-Intelligence Agency (NGA) for maritime surveillance and a new crisis response monitoring award, reinforcing its government revenue pipeline. It also shipped its next-generation Pelican-11 satellite to the launch site and joined the AIRS atmospheric reentry research initiative. However, the quarter's gains proved unsustainable once the SpaceX catalyst materialized and dilution fears surfaced, leaving the stock back near its starting point for the period.
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PL Stock Forecast Drivers: What Investors Should Watch Next
Looking ahead, several factors will shape PL's trajectory. The company's next earnings report, estimated for September 14, 2026, will be critical for assessing whether the strong 42% revenue growth rate is sustainable and whether the path to profitability is narrowing. Investors should monitor the size and pricing of the announced equity offering, as dilution remains a key overhang. On the operational front, the successful launch and deployment of Pelican-11 could unlock higher-resolution imaging capabilities and new revenue streams. Government contract momentum — particularly with the NGA and other defense agencies — will be a bellwether for the company's expanding role in AI-driven geospatial intelligence. Macroeconomic factors, including interest rate policy and defense budget allocations, will also influence sentiment across the space and defense technology sector. Finally, the stabilization of space-sector valuations in the post-SpaceX IPO landscape will determine whether PL can rebuild the premium multiples it commanded in May.
Disclaimer
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PL's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for PL moved out of oversold territory on June 26, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 20 similar instances when the indicator left oversold territory. In of the 20 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on June 29, 2026. You may want to consider a long position or call options on PL as a result. In of 92 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for PL just turned positive on June 30, 2026. Looking at past instances where PL's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .
Following a +2 3-day Advance, the price is estimated to grow further. Considering data from situations where PL advanced for three days, in of 266 cases, the price rose further within the following month. The odds of a continued upward trend are .
PL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
PL moved below its 50-day moving average on June 05, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for PL crossed bearishly below the 50-day moving average on June 12, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PL entered a downward trend on July 02, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 72, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (23.095) is normal, around the industry mean (10.983). P/E Ratio (0.000) is within average values for comparable stocks, (94.507). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.106). Dividend Yield (0.000) settles around the average of (0.019) among similar stocks. P/S Ratio (27.322) is also within normal values, averaging (37.421).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
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