Platinum (PL)

Planet Labs (NYSE:PL) Azioni

PLANET LABS PBC

Planet Labs

Planet Labs PBC is an Earth-imaging company. It uses space to help life on Earth by imaging the world every day and making change visible, accessible, and actionable. Its platform includes imagery, insights, and machine learning that empower companies, governments, and communities around the world to make timely decisions about the evolving world. Its solutions are Broad Area Management. Its products are Planet Monitoring, Planet Tasking, Planet Analytic Feeds, Planetary Variables, Planet Basemaps, Planet Insights, and Platform Pricing. The group provides solutions to the Agriculture Science Program, Energy & Infrastructure, Forestry & Land Use, Mapping, Sustainability, Maritime, Civil Government, U.S. State and Local, Europe, Planet Federal, Defense & Intelligence, and Armed Services.

Planet Labs PBC

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Shares of companies within the broader industrial sector are trading lower as markets react to President Trump's announcement of sweeping tariffs.

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Shares of industrial stocks are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on equities.

Shares of stocks in the broader industrial sector are trading higher amid overall market strength on reports of potentially narrowed or targeted tariffs, which may be easing investor concerns.

Shares of earth imaging company, Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) are <a href="https://www.benzinga.com/pressreleases/25/03/b44457436/planet-signs-deal-with-european-space-agency-enabling-greek-government-to-expand-national-space-se">trading higher on Monday</a>. 
The company has obtained a fresh <a href="https://www.benzinga.com/pressreleases/25/03/b44457436/planet-signs-deal-with-european-space-agency-enabling-greek-government-to-expand-national-space-se">agreement with the European Space Agency</a> (ESA) to assist Greece's National SmallSat Programme.
Signed on behalf of the Hellenic Ministry of Digital Governance, the contract is a part of the nation's Recovery and Resilience Fund (RRF) Greece 2.0 initiative. 
Under this agreement, Greece will utilize the company&#8217;s PlanetScope data to aid in the creation of future services for their national satellite program, promote technological progress, and provide an additional data source that complements their existing national satellite feeds.
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&#8220;The Hellenic Space Center (HSC) is coordinating the provision of Planet&#8217;s satellite data, optimizing tasking capabilities, and ensuring seamless integration across the downstream projects of the national satellite program,&#8221; said Earth Observation Officer of HSC, Dimitris Bliziotis.
Planet Labs' PlanetScope satellites deliver near-daily imagery of the Earth&#8217;s surface at a 3-meter resolution. These frequent captures create a detailed, decade-long historical data archive, allowing governments and businesses to make well-informed, prompt decisions based on the satellite&#8217;s wide-ranging coverage. 
&#8220;We are living through a global space renaissance where governments and commercial providers are working hand-in-hand to develop new innovation,&#8221; said Planet&#8217;s Senior Director of Government Sales in EMEA, Martin Polak.
With its global reach, Planet has secured contracts with several international organizations, such as the <a href="https://www.benzinga.com/news/contracts/25/01/43298965/planet-labs-gains-on-multi-year-deal-with-european-space-agency">European Space Agency</a> (ESA) and the Japan Space Agency (JSAT).
The company reported a <a href="https://www.benzinga.com/25/03/44434960/planet-labs-shares-drop-after-q4-miss-below-consensus-q1-fy26-guidance">5% rise in fourth-quarter</a>&nbsp;revenue to $61.6 million, missing the consensus estimate of $61.87 million.
Price Action: PL shares traded higher by 8% at $4.10 at last check Monday.
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Photo by Andrei Armiagov on Shutterstock.

News

General

Why Is Satellite Imagery Provider Planet Labs' Stock Surging Today?

Planet Labs shares are trading higher after the company announced a partnership with the European Space Agency to enable the Greek government to expand national space services.

<a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.planet.com%2F&amp;esheet=54227719&amp;newsitemid=20250324988535&amp;lan=en-US&amp;anchor=Planet+Labs+PBC&amp;index=1&amp;md5=ec127450c4c23350a35b0742d78acf4b">Planet Labs PBC</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>), a leading provider of daily data and insights about change on Earth, today announced that they have signed a new contract with the European Space Agency on behalf of the Hellenic Ministry of Digital Governance to support the Greek National SmallSat Programme, funded by the Recovery and Resilience Fund (RRF) Greece 2.0. Using Planet's commercial satellite data, Greece aims to inform and complement the development of their national satellite technology.
Through this contract, Greece will leverage the company's PlanetScope data to support the development of future downstream services for their national satellite data program, enable technological development, and serve as a complementary data source to their national satellite data feeds.
"The Hellenic Space Center (HSC) is coordinating the provision of Planet's satellite data, optimizing tasking capabilities, and ensuring seamless integration across the downstream projects of the national satellite program," said Dimitris Bliziotis, Earth Observation Officer of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fhsc.gov.gr%2Fen%2Fabout%2F&amp;esheet=54227719&amp;newsitemid=20250324988535&amp;lan=en-US&amp;anchor=HSC&amp;index=2&amp;md5=4ed2b10e4167c7340a272d78ae804b02">HSC</a>.
"We are living through a global space renaissance where governments and commercial providers are working hand-in-hand to develop new innovation," said Martin Polak, Planet's Senior Director of Government Sales in EMEA. "We're honored to have signed this contract to inform the new development of Greece's national space services."

Contracts

Planet Enters Partnership With European Space Agency, Enabling Greek Government To Expand National Space Services

Needham analyst Ryan Koontz reiterates Planet Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) with a Buy and maintains $8 price target.

Price Target

Reiteration

Analyst Ratings

Needham Reiterates Buy on Planet Labs, Maintains $8 Price Target

Across the recent three months, 8 analysts have shared their insights on Planet Labs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $6.59, with a high estimate of $8.00 and a low estimate of $5.00. This current average has increased by 27.71% from the previous average price target of $5.16. 
<img src="https://www.benzinga.com/files/images/story/2025/1742590821_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
The perception of Planet Labs by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Trevor Walsh</td>
<td>Citizens Capital Markets</td>
<td>Maintains</td>
<td>Market Outperform</td>
<td>$6.50</td>
<td>$6.50</td>
</tr>
<tr>
<td>Colin Canfield</td>
<td>Cantor Fitzgerald</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$6.30</td>
<td>$6.30</td>
</tr>
<tr>
<td>Josh Sullivan</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$7.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Noah Poponak</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Buy</td>
<td>$6.40</td>
<td>$5.00</td>
</tr>
<tr>
<td>Trevor Walsh</td>
<td>JMP Securities</td>
<td>Raises</td>
<td>Market Outperform</td>
<td>$6.50</td>
<td>$4.50</td>
</tr>
<tr>
<td>Michael Latimore</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Outperform</td>
<td>$7.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$8.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$5.00</td>
<td>$5.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Planet Labs. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Planet Labs compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Planet Labs's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Planet Labs's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/PL/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Planet Labs analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">you can start by tracking it here</a>.
<h2>About Planet Labs</h2>
Planet Labs PBC is an Earth-imaging company. The company provides daily satellite data that helps businesses, governments, researchers, and journalists understand the physical world and take action.
<h3>Planet Labs: Financial Performance Dissected</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Planet Labs showcased positive performance, achieving a revenue growth rate of 10.63% as of 31 October, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: Planet Labs's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -32.78%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -4.28%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Planet Labs's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -3.12%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.05.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Expectations For Planet Labs's Future

On Friday, Benchmark analyst Josh Sullivan reiterated the Buy rating on Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>), <a target="_blank" href="https://www.benzinga.com/quote/PL/analyst-ratings" rel="noreferrer noopener">with a price forecast of $7.</a>
Yesterday, the company reported fourth-quarter adjusted losses of 8 cents per share,&nbsp;<a target="_blank" href="https://www.benzinga.com/25/03/44434960/planet-labs-shares-drop-after-q4-miss-below-consensus-q1-fy26-guidance" rel="noreferrer noopener">missing the consensus of 2 cents</a>. Revenue of&nbsp;$61.6&nbsp;million, up 5% year over year, missed&nbsp;<a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">the consensus of $61.87 million</a>.
Planet Labs expects&nbsp;revenue in a range of&nbsp;$61 million&nbsp;to&nbsp;$63 million for first-quarter FY26 and $260 million to $280 million for FY26.
The analyst highlights that the $230 million commercial agreement with JSAT, signed late last year, marked a pivotal shift for Planet Labs.
This strategic decision to sell JSAT satellite hardware directly, rather than relying on traditional data feeds from Planet Labs-owned satellites, is expected to significantly reduce PL&#8217;s cash burn by 50% in FY26, with a clear path toward positive free cash flow within the next two years.
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Once the JSAT constellation is fully deployed, Planet Labs will have the opportunity to sell data feeds to third-party customers, further boosting its margins, the analyst writes.
Sullivan further notes that the transition in FY25 toward solution-based products sets the stage for FY26, when Planet Labs plans to focus on leveraging its extensive satellite data library and AI products.
Additionally, Planet Labs anticipates strong growth in the commercial agricultural market as it enters FY26, with recent customer wins, renewals, and an increase in data usage from larger agricultural companies.
Price Action: PL shares are trading lower by 12.5% to $3.71 at last check Friday.
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Photo by rafapress via Shutterstock.

Analyst Color

Equities

Markets

Movers

Trading Ideas

Planet Labs' Pivot To Solutions And AI Signals Long-Term Upside, Says Analyst

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 0.1% on Friday.
The Dow traded down 0.20% to 41,868.48 while the NASDAQ dipped 0.06% to 17,681.21. The S&amp;P 500 also fell, dropping, 0.28% to 5,647.20.
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Leading and Lagging Sectors Communication services shares rose by 0.3% on Friday.
In trading on Friday, materials shares dipped by 1.8%.
Top Headline
Shares of Micron Technology Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) fell more than 6% on Friday after the company reported second-quarter financial results.
Micron reported second-quarter revenue of $8.05 billion, beating the consensus estimate of $7.89 billion. Total revenue was up from $5.82 billion on a year-over-year basis. The company reported second-quarter adjusted earnings of $1.56 per share, beating analyst estimates of $1.42 per share, according to Benzinga Pro.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Ouster, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NASDAQ">OUST</a>) shares shot up 25% to $10.51 after the company reported better-than-expected quarterly financial results.</li>
<li>Shares of Scholastic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCHL#NASDAQ">SCHL</a>)got a boost, surging 15% to $21.66 following upbeat quarterly earnings.</li>
<li>Allurion Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALUR#NASDAQ">ALUR</a>) shares were also up, gaining 39% to $3.1593 after the company announced results from its allurion program and low-dose GLP-1 therapy combination.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Damon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DMN#NASDAQ">DMN</a>) shares dropped 70% to $0.0376 after the company announced a $16.5 million public offering.</li>
<li>Shares of Planet Labs PBC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PL#NYSE">PL</a>) were down 19% to $3.4350 after the company reported worse-than-expected fourth-quarter financial results.</li>
<li>TELA Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELA#NASDAQ">TELA</a>) was down, falling 35% to $1.51 after the company reported worse-than-expected quarterly financial results. Additionally, Piper Sandler downgraded the stock from Overweight to Neutral and cut its price target from $5 to $2.</li>
</ul>
Commodities In commodity news, oil traded down 0.2% to $67.94 while gold traded down 1.1% at $3,011.10.
Silver traded down 1.7% to $33.400 on Friday, while copper fell 1.2% to $5.0525.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 fell 0.98%, Germany's DAX 40 fell 1.15% and France's CAC 40 fell 1.01%. Spain's IBEX 35 Index rose 0.05%, while London's FTSE 100 slipped 0.95%.
Asia Pacific Markets
Asian markets closed mostly lower on Friday, with Japan's Nikkei 225 falling 0.20%, China's Shanghai Composite Index falling 1.29%, Hong Kong's Hang Seng Index dipped 2.19% and India's BSE Sensex gaining 0.73%.
Economics
The Baker Hughes oil rig count report will be released today.
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Photo: Shutterstock

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