PL stock forecast, quote, news & analysis
Planet Labs PBC is an Earth-imaging company... Show more
Planet Labs PBC (PL) Stock Analysis: Satellite Data Demand Meets Dilution and Valuation Questions
Key Takeaways
- Planet Labs (PL) traded near $20 in late August 2026, roughly 2% lower over the prior 30 days but sharply below its early-June 2026 levels following a notable reset.
- Fiscal 2027 first-quarter revenue rose 42% year over year to $94.15 million, with backlog climbing 72% to more than $906 million.
- A $1.5 billion at-the-market equity offering program introduced dilution concerns that weighed on investor sentiment.
- Defense and intelligence demand, the high-resolution Pelican satellite roadmap, and AI-enabled analytics remain the central growth drivers.
Current Market Snapshot
Planet Labs PBC (NYSE: PL) closed near $19.98 in late August 2026, leaving the stock roughly 2% below its level 30 days earlier, when shares traded around $20.48. The share price sits well within a wide 52-week range that has spanned from about $6.26 to roughly $51.76, reflecting the substantial volatility that has characterized the name over the past year.
After a strong run earlier in 2026, the stock experienced a sharp pullback that began around June, with shares retreating from the low-to-mid $40s. While the most recent 30 days have been comparatively steadier, the company still trades at an elevated price-to-sales multiple relative to peers while remaining unprofitable on a net-income basis — a combination that continues to make valuation a key point of debate among investors.
Planet Labs PBC (PL) Business Overview and Competitive Position
Founded in 2010 by three NASA scientists, Planet Labs PBC designs, builds, and operates one of the largest constellations of Earth-imaging satellites in orbit. The company delivers high-cadence, daily satellite imagery and geospatial data through a cloud-based platform, serving more than 900 customers across agriculture, forestry, defense and intelligence, energy, civil government, and finance.
Planet's core products include Planet Monitoring, Planet Tasking, and Planet Analytic Feeds, supplemented by a growing suite of AI-driven analytics tools. Its large satellite fleet and deep archive of daily global imagery provide a recurring-data business model that differentiates the company from smaller Earth-observation competitors such as BlackSky Technology (BKSY). The company is structured as a public benefit corporation listed on the New York Stock Exchange.
Recent Developments Driving PL
Planet's fiscal 2027 first-quarter results, reported in early June 2026, highlighted accelerating demand alongside persistent profitability challenges. Revenue of $94.15 million beat consensus estimates and grew 42% year over year, while remaining performance obligations rose 81% to $816 million and backlog surpassed $906 million. The company posted an adjusted loss of $0.03 per share, better than the $0.04 loss analysts had expected, and raised its full-year fiscal 2027 revenue guidance to a range of $425 million to $441 million.
Offsetting those positive figures, Planet disclosed a $1.5 billion at-the-market equity offering program, which introduced concerns about share dilution. The company also reported a wider net loss of $138.87 million for the quarter, driven in part by a non-cash warrant liability revaluation.
On the operational front, Planet launched three additional AI-enabled Pelican satellites during the quarter, bringing its high-resolution Pelican fleet to nine spacecraft, including Sweden's first sovereign reconnaissance satellite. The company also advanced the Pelican-11 technology demonstrator and introduced SuperRes, an AI-powered imagery enhancement technology, along with a private beta AI application enabling natural-language queries of its data archive.
Contract momentum continued through the summer. Planet announced an eight-figure international defense and intelligence agreement, a $21.9 million National Geospatial-Intelligence Agency maritime-surveillance extension, and a $7.5 million U.S. Navy renewal, among other awards. In August, the company launched a national satellite-data program with the Government of Rwanda, its first national program in Africa, expanding access to its imagery for agriculture, urban planning, and disaster management.
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2026 Outlook and What Investors Should Watch
Looking ahead, Planet Labs' next quarterly earnings report, expected in early September 2026, will be a focal point for investors evaluating whether the company can sustain its revenue trajectory and hold or raise full-year guidance. Key metrics to monitor include revenue growth against the company's $425 million to $441 million fiscal 2027 outlook, backlog and remaining performance obligations, and progress toward positive adjusted EBITDA and free cash flow.
The Pelican roadmap — including the Pelican-11 demonstrator and the shift toward higher-resolution, AI-enabled imagery — represents a central catalyst, as successful deployment could support larger, multi-year defense and sovereign contracts. Continued strength in government demand, expansion of AI and analytics offerings, and new national-level programs similar to the Rwanda initiative could further support the growth narrative.
At the same time, investors should weigh execution risk, ongoing net losses, the dilutive impact of the at-the-market offering, and a valuation that remains elevated relative to sales. Macroeconomic conditions, defense-budget cycles, and competitive pressure across the Earth-observation sector may also influence the stock's trajectory through the remainder of 2026.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
PL in -3.60% downward trend, sliding for three consecutive days on September 01, 2026
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where PL declined for three days, in of 264 cases, the price declined further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on August 20, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PL as a result. In of 88 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for PL turned negative on August 26, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 48 similar instances when the indicator turned negative. In of the 48 cases the stock turned lower in the days that followed. This puts the odds of success at .
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where PL's RSI Indicator exited the oversold zone, of 26 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 9 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PL advanced for three days, in of 269 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 240 cases where PL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued 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: PL's P/B Ratio (16.051) is slightly higher than the industry average of (6.461). P/E Ratio (0.000) is within average values for comparable stocks, (55.894). PL's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.922). Dividend Yield (0.000) settles around the average of (0.017) among similar stocks. P/S Ratio (19.011) is also within normal values, averaging (18.578).
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 that the returns do not compensate for the risks. PL’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 75, placing this stock worse than average.
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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Industry AerospaceDefense