Planet Labs PBC (PL)

NYSE: PL · IEX Real-Time Price · USD
4.96
-0.08 (-1.59%)
At close: Feb 3, 2023, 4:00 PM
5.01
+0.05 (1.01%)
After-hours: Feb 3, 2023, 7:24 PM EST
-1.59%
Market Cap 1.35B
Revenue (ttm) 175.43M
Net Income (ttm) -170.09M
Shares Out 272.10M
EPS (ttm) 0.82
PE Ratio 6.05
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 1,074,170
Open 5.01
Previous Close 5.04
Day's Range 4.90 - 5.10
52-Week Range 3.70 - 7.52
Beta n/a
Analysts Buy
Price Target 9.56 (+92.74%)
Earnings Date Mar 29, 2023

About PL

Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems. It serves agriculture, mapping, forestry, and finance and insurance, as well as federal, state, an... [Read more]

Sector Industrials
Founded 2010
Employees 700
Stock Exchange NYSE
Ticker Symbol PL
Full Company Profile

Financial Performance

In 2022, PL's revenue was $131.21 million, an increase of 15.94% compared to the previous year's $113.17 million. Losses were -$137.12 million, 7.88% more than in 2021.

Financial Statements

Analyst Forecast

According to 18 analysts, the average rating for PL stock is "Buy." The 12-month stock price forecast is $9.56, which is an increase of 92.74% from the latest price.

Price Target
$9.56
(92.74% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Investing in Space: Doing well to do good

It's a simple yet crucial lesson, in a sector where sci-fi projections can overwhelm dollars and sense

1 week ago - CNBC

7 Space Stocks to Buy Now or You'll Be Kicking Yourself Later

With humanity having exploited much of the readily available resources on Earth, the invariable journey upward incentivizes investors to consider space stocks to buy. Fundamentally, the so-called spac...

Other symbols: AMZNINTCNOCQCOMRKLBTER
1 week ago - InvestorPlace

Planet and NASA Harvest Launch Commercial Partnership to Enable and Advance Food Security Offering to Deliver Policy-Grade Agricultural Assessments

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, and NASA Harvest, the federal space agency's Global Food Security and Agricultu...

3 weeks ago - Business Wire

Planet Completes Acquisition of Salo Sciences

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the completion of its acquisition of Salo Sciences, a San Franc...

3 weeks ago - Business Wire

Planet Scales Education and Research Program

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced a new, scaled structure for their Education and Research (E&R) ...

1 month ago - Business Wire

36 Planet SuperDoves Successfully Launch on SpaceX's Falcon 9 Rocket

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today successfully launched 36 SuperDove satellites, its Flock 4y, to space abo...

1 month ago - Business Wire

Planet to Present at Needham 25th Annual Growth Conference on January 10th, 2023

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Ashley Johnson, CFO and COO at Planet, will present at the...

1 month ago - Business Wire

Planet Labs ($PL) Announces Plans to Launch 36 SuperDove Satellites on SpaceX Falcon 9 Rocket

Planet Labs (NYSE: PL) a leading provider of daily data and insights about Earth, has announced plans to launch 36 of its SuperDove satellites, Flock 4y, on a SpaceX Falcon 9 rocket. The launch is sch...

1 month ago - Green Stock News

Investing in Space: A year to forget for space stocks

For most anyone with money in the market, 2022 was a year to forget – and space stocks were no exception.

1 month ago - CNBC

Satellite imagery venture Planet delivers record quarter, sees annual revenue nearing $200 million

Planet delivered record results for the third quarter and forecast nearly $200 million in annual revenue.

1 month ago - CNBC

Planet Reports Financial Results for Third Quarter of Fiscal Year 2023

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, today announced financial results for its fiscal th...

1 month ago - Business Wire

ZEP-RE and Planet Collaborate on Drought Insurance Program in Africa

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced a new contract with ZEP-RE, a reinsurance company based in Nair...

1 month ago - Business Wire

Accenture and Planet to Collaborate on AI-Powered Geospatial Intelligence Tools for Sustainability, Traceable Supply Chain and Climate Risk Solutions

NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Accenture (NYSE: ACN), through its Accenture Ventures Project Spotlight initiative, has entered into a collaboration agreement with Planet Labs PBC (NYSE: ...

Other symbols: ACN
2 months ago - Business Wire

Planet to Announce Fiscal Third Quarter 2023 Results on Wednesday, December 14, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal third quarter 2023 financial...

2 months ago - Business Wire

Maxar Technologies (US) and Planet Labs PBC (US) are the Key Players in the Remote Sensing Services Market [2022-2027]

The Remote Sensing Services Market size is projected to grow from USD 13.2 billion in 2022 to USD 26.6 billion by 2027, at a CAGR of 14.9%. The Remote Sensing Services Market size is projected to grow...

Other symbols: MAXR
2 months ago - GlobeNewsWire

Microsoft and Planet Expand Partnership to Provide AI and Satellite Data for African Climate Adaptation Projects

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, and Microsoft Corp. announced an expanded partnership to apply artificial intel...

2 months ago - Business Wire

Planet Announces Board Expansion with Addition of Kristen Robinson

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that Kristen Robinson will be joining Planet's Board of Directo...

3 months ago - Business Wire

Seeing African Restoration from Space: Planet and Justdiggit Enable Nature-based Solutions to Regreen the Land

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today shared that Justdiggit, a Dutch non-profit organization dedicated to supp...

3 months ago - Business Wire

Planet Launches Nonprofit Program to Empower Mission-Driven Organizations with More Access to Timely, Global Satellite Data

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced the launch of its Nonprofit Program, an offering that provides ac...

3 months ago - Business Wire

NASA Extends Contract with Planet Granting Access to Planet Data to over 300,000 Scientists

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced NASA has exercised an option to extend its contract with Planet un...

4 months ago - Business Wire

Planet Labs PBC Investor Day Scheduled for October 12th, 2022

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL) (“Planet” or the “Company”), a leading provider of daily data and insights about Earth, is holding its previously announced Investor Day in S...

4 months ago - Business Wire

5 Space Stocks Rocketing Humanity Toward The Final Frontier: Rocket Lab, Virgin Galactic, and 3 more

While Elon Musk's SpaceX is attempting to make humans multi-planetary, a number of publicly traded space stocks are forging ahead with plans to deliver massive payloads to space, provide access to hig...

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4 months ago - Green Stock News

2 Small Caps for Growth-Focused Investors

Investors seeking opportunities among growth stocks could be interested in the following small caps, as they represent companies whose trailing 12-month net income per share has improved significantly...

Other symbols: BLUE
4 months ago - GuruFocus

Planet prepares to launch another line of imagery satellites to expand data-gathering operations

Planet is adding another type of imagery satellites to its product line, in the latest expansion of the data the company gathers from its networks in orbit.

4 months ago - CNBC

Planet Announces New Details of Hyperspectral Offering

SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced new details of its commercial hyperspectral constellation, which ...

4 months ago - Business Wire