Planet Labs PBC (PL) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Planet Labs PBC in the last year. There are currently 1 hold rating and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PL shares.
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8 Wall Street research analysts have issued 1-year price targets for Planet Labs PBC's stock. Their PL share price forecasts range from $5.50 to $10.00. On average, they anticipate the company's stock price to reach $7.00 in the next year. This suggests a possible upside of 105.6% from the stock's current price.
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Planet Labs PBC's stock was trading at $4.35 at the start of the year. Since then, PL shares have decreased by 21.7% and is now trading at $3.4050.
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The company is scheduled to release its next quarterly earnings announcement on Monday, September 11th 2023.
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Planet Labs PBC (NYSE:PL) announced its quarterly earnings results on Wednesday, March, 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.02. The business had revenue of $52.98 million for the quarter, compared to the consensus estimate of $52.56 million. Planet Labs PBC had a negative trailing twelve-month return on equity of 25.57% and a negative net margin of 74.60%. The firm's revenue for the quarter was up 42.6% on a year-over-year basis. During the same period last year, the firm earned ($0.26) EPS.

ETFs with the largest weight of Planet Labs PBC (NYSE:PL) stock in their portfolio include Procure Space ETF (UFO), Changebridge Select Equity ETF (CBSE), SPDR S&P Kensho Final Frontiers ETF (ROKT), Changebridge Long/Short Equity ETF (CBLS), Direxion Moonshot Innovators ETF (MOON), Putnam Sustainable Future ETF (PFUT), SPDR Kensho Future Security ETF (FITE) and Fidelity Sustainable U.S. Equity ETF (FSST).

Planet Labs PBC issued an update on its second quarter 2024 earnings guidance on Thursday, June, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $53.00 million-$55.00 million, compared to the consensus revenue estimate of $60.17 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Planet Labs PBC investors own include Ballard Power Systems (BLDP) and Regions Financial (RF).

Planet Labs PBC trades on the New York Stock Exchange (NYSE) under the ticker symbol "PL."

Planet Labs PBC's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (4.93%), State Street Corp (1.72%), Geode Capital Management LLC (1.26%), Next Century Growth Investors LLC (0.91%), Charles Schwab Investment Management Inc. (0.53%) and Putnam Investments LLC (0.46%). Insiders that own company stock include Ashley F Johnson, Kevin Weil, Masi Niccolo De and William Spencer Marshall.
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Shares of PL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of PL stock can currently be purchased for approximately $3.41.

Planet Labs PBC (NYSE:PL) has a market capitalization of $936.27 million and generates $191.26 million in revenue each year. The company earns $-161,970,000.00 in net income (profit) each year or ($0.57) on an earnings per share basis.

The company employs 1,100 workers across the globe.

Planet Labs PBC's mailing address is 645 Harrison Street 4th Floor San Francisco, CA 94107 United States. The official website for the company is www.planet.com. The company can be reached via phone at 415-829-3313 or via email at ir@dmytechnology.com.