PL stock forecast, quote, news & analysis
Planet Labs PBC is an Earth-imaging company... Show more
Why Planet Labs (PL) Stock Is Down -17.8% in the Last 30 Days
Key Takeaways
- Planet Labs shares have declined roughly 17.8% over the past 30 days, falling from a September 18 closing price of $16.42 to about $13.49.
- The drop has been driven largely by sector-wide selling in space and growth stocks rather than a single company-specific setback.
- Rising Treasury yields and a reported multi-billion-dollar SpaceX financing round pulled capital away from public space names, pressuring PL.
- Despite record fiscal Q2 FY2027 revenue of $116.1 million (up 58% year over year), weaker forward guidance weighed on sentiment.
- The stock is down roughly 41% over the last quarter and about 66% from its May 2026 peak.
Planet Labs (PL) Company Overview and Market Position
Planet Labs PBC (NYSE: PL) designs, builds, and operates the world's largest fleet of Earth observation satellites, capturing daily imagery of the entire globe. Founded in 2010 by former NASA scientists and structured as a public benefit corporation, the company sells mission-critical satellite data, geospatial analytics, and software to defense and intelligence agencies, civil governments, and commercial customers in agriculture, forestry, and finance.
Planet has positioned itself at the intersection of space infrastructure and AI-driven analytics, expanding from daily imagery into higher-value satellite services and sovereign constellation programs. A growing backlog—roughly $814.9 million as of the July 2026 quarter—provides revenue visibility, while partnerships in areas such as orbital AI computing have broadened its strategic footprint. Investors follow PL closely as a benchmark for the commercial space and Earth observation sector.
Planet Labs (PL) Stock Price Performance: Last 30 Days vs. Quarter
Over the last 30 days, PL has fallen about 17.8%, moving from a September 18 adjusted close of $16.42 to approximately $13.49. The decline has been persistent, with the stock losing ground in most recent sessions and sitting well below its 20-day and 50-day moving averages.
The longer trend is even more pronounced. Over the last quarter, shares have dropped roughly 41%, sliding from around $23 in mid-July to the mid-$13 range. This extends a broader drawdown from a 52-week high near $51.76 reached in May 2026, reflecting a significant reset in the stock's valuation after a sharp run-up earlier in the year.
What Drove PL Stock Price in the Last 30 Days
The recent decline has been dominated by macro and sector dynamics. Rising U.S. inflation data pushed the 10-year Treasury yield toward its highest level in more than two decades, which typically pressures high-growth, capital-intensive equities by raising the discount rate on future cash flows. Simultaneously, reports that SpaceX was lining up a large private financing round triggered rotation away from publicly traded space peers like Planet Labs.
Company-specific developments also contributed. Planet reported fiscal Q2 FY2027 results on September 3, delivering revenue of $116.1 million, up 58% year over year and above consensus. However, management's guidance for the following quarter came in below analyst expectations, and the full-year EBITDA outlook trailed estimates, tempering enthusiasm. Analyst actions turned more cautious as well: Morgan Stanley lowered its price target to $19 from $35 while maintaining an Equal-Weight rating, Barclays initiated coverage with an Equal-Weight rating and a $17 target, and Needham reduced its target while keeping a Buy rating.
Notably, positive catalysts—including a European Space Agency disaster-response pilot and the October 1 launch of a Google-backed orbital AI satellite prototype—were not enough to offset the selling pressure.
What Drove PL Stock Performance Over the Last Quarter
The quarterly decline reflects a broader unwind from an exceptionally strong early-2026 rally. After peaking near $51.76 in May, PL entered a multi-month correction as investors reassessed valuations across the space sector. Soft near-term guidance, ongoing quarterly variability in satellite services revenue tied to the timing of large contract handovers, and persistent GAAP losses kept sentiment cautious.
Rising interest rates and a general rotation out of speculative growth equities compounded the pressure throughout the summer and early fall. Even as the underlying business posted record revenue, expanded backlog, and strong defense and intelligence momentum, the market has repriced the stock significantly lower, creating a notable gap between operational performance and share-price action.
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PL Stock Forecast Drivers: What Investors Should Watch Next
Looking ahead, several factors will shape PL's direction. Investors should monitor upcoming quarterly earnings and, in particular, whether revenue guidance improves or narrows. The company's ability to convert its large backlog—especially large sovereign satellite services contracts—into recognized revenue will be critical, given management's own caution about quarter-to-quarter variability.
Macro conditions remain a key risk, as further moves in Treasury yields could continue to pressure the stock. Competitive and sector developments, including capital flows toward private space companies, also bear watching. On the operational side, progress on next-generation fleets such as Pelican, expansion of AI-enabled analytics, and new defense and intelligence contract awards will be important demand signals. Finally, analyst estimate revisions and any shifts in institutional positioning may influence near-term sentiment.
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's RSI Indicator ascends from oversold territory
The RSI Oscillator for PL moved out of oversold territory on October 23, 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 29 similar instances when the indicator left oversold territory. In 26 of the 29 cases the stock moved higher. This puts the odds of a move higher at 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for PL just turned positive on October 27, 2026. Looking at past instances where PL's MACD turned positive, the stock continued to rise in 39 of 49 cases over the following month. The odds of a continued upward trend are 80%.
Following a +8.05% 3-day Advance, the price is estimated to grow further. Considering data from situations where PL advanced for three days, in 218 of 268 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
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 may be shifting from an upward trend to a downward trend. In 53 of 60 cases where PL's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 88%.
The Momentum Indicator moved below the 0 level on October 29, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on PL as a result. In 74 of 87 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 85%.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 84%.
The Aroon Indicator for PL entered a downward trend on September 25, 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 PE Growth Rating for this company is 15 (best 1 - 100 worst), pointing to outstanding 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.
The Tickeron Valuation Rating of 46 (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: P/B Ratio (8.684) is normal, around the industry mean (5.060). P/E Ratio (-12.245) is within average values for comparable stocks, (17.792). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.110). Dividend Yield (0.000) settles around the average of (0.058) among similar stocks. P/S Ratio (14.104) is also within normal values, averaging (18.367).
The Tickeron Price Growth Rating for this company is 65 (best 1 - 100 worst), indicating fairly steady price growth. PL’s price grows at a lower 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 91 (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 78, placing this stock worse than average.
The Tickeron SMR rating for this company is 98 (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.
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