Planet Labs (NYSE:PL) is trading in record territory ahead of earnings due out after Thursday's close, June 4.
Planet Labs (NYSE: PL) stock has been firing on all cylinders and has continued to beat most companies in the space industry. It has jumped by 695% in the last 12 months and by 135% this year.
Shares of Intuitive Machines (NASDAQ:LUNR) are up 9% in mid-morning trading Thursday, while Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) stock is down 3% and Planet Labs (NYSE:PL) stock is lower by 2%.
PL nears profitability with strong 2026 guidance, leaning on efficiency, tighter costs and higher-margin analytics and software integration.
Planet Labs is up 87.5% YTD and is trading above key SMAs. However, a premium valuation and continued losses temper its $900M backlog and FY2027 guidance.
Planet Labs is upgraded to a 'Buy' with a $48.11 price target, reflecting strong government and defense-driven growth. Q4 revenues hit a record $86.8 million, with 59% full-year gross margins and positive EBITDA and free cash flow, though margin compression is expected. FY27 guidance projects 35%-43% sales growth but lower gross margins (50%-52%) and flat-to-lower EBITDA as investments ramp up.
Planet Labs is transitioning from a data provider to a real-time geospatial intelligence platform, leveraging AI-powered, in-orbit analytics for higher-margin, recurring revenue. PL's Pelican-4 satellite demonstrates onboard AI object detection, enabling near-instant actionable insights and positioning the company for defense and intelligence contracts. Recent warrant redemption cleans up PL's capital structure, potentially improving liquidity and removing dilution overhang as shares trade near $40.
A potential SpaceX IPO continues to capture investor imagination, with expectations that the company could seek a valuation of up to $2 trillion.
In the fast-moving world of high-growth tech stocks, headlines can be deceiving. Recently, news broke that Planet Labs PBC NYSE: PL, a powerhouse in the satellite imagery sector, had complied with a U.S. government request to halt its data feed over a conflict zone in the Middle East.
PL trades at a steep premium despite strong growth, rising backlog, and government deals, raising questions about whether the stock is still worth buying.
Operating the largest fleet of imaging satellites, Planet Labs (NYSE:PL) just delivered its first full fiscal year of profitability, and Reddit noticed immediately.
Planet Labs delivered a strong 4Q26 beat, with accelerating demand and revenue of $86.8M, driving the stock up 25%. PL's FY26 revenue grew 26% YoY to $307.7M, with backlog and remaining performance obligations surging, supporting high revenue visibility and recurring contract durability. Profitability is emerging, highlighted by positive adjusted EBITDA of $15.5M and robust cash generation, though GAAP net loss remains due to non-cash charges.