IPO Year: 2021
Exchange: NYSE
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/6/2024 | $7.00 → $5.00 | Buy | Needham |
12/8/2023 | Buy → Hold | Craig Hallum | |
5/2/2023 | $5.50 | Mkt Outperform | JMP Securities |
4/18/2023 | $6.00 | Buy | Citigroup |
1/23/2023 | $6.00 | Equal-Weight | Morgan Stanley |
11/7/2022 | $7.00 | Buy | Deutsche Bank |
6/15/2022 | $10.50 → $8.00 | Buy | Needham |
1/27/2022 | $10.50 | Buy | Needham |
1/12/2022 | $11.00 | Buy | Goldman Sachs |
1/7/2022 | $10.00 | Outperform | Wedbush |
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced its Planet Federal subsidiary was selected for the NASA Commercial SmallSat Data Acquisition Program (CSDA) On-Ramp1 Multiple Award contract in order to provide commercial data in support of the agency's Earth science research. The fixed-price, indefinite-delivery/indefinite-quantity, multiple-award contract has a performance period through Nov. 15, 2028. The maximum potential value of the multiple-awards under the IDIQ, cumulatively among all contractors selected, is $476 million. Planet has been a proud member of the CSDA program since its inception. Through this contract with Planet Fe
Delivers Record Quarterly Revenue of $61.1 Million, up 14% Year-over-Year Expands GAAP Gross Margin to 53% and Non-GAAP Gross Margin to 58% Launched 36 SuperDove Satellites and First Tanager Hyperspectral Satellite Planet Labs PBC (NYSE:PL) ("Planet" or the "Company"), a leading provider of daily data and insights about Earth, today announced financial results for the period ended July 31, 2024. "During the second quarter, we saw continued strength with government customers, especially in the Defense & Intelligence sector where revenue grew over 30% year-over-year and we saw continued demand for our broad area monitoring solution paired with AI," said Will Marshall, Planet's Co-Founder,
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it will participate in the following investor events next month: Ashley Johnson, President and Chief Financial Officer, will participate in a virtual panel on Sustainable Agriculture hosted by JP Morgan on September 10th, 2024, at 11:00 a.m. Eastern Time. The discussion will be hosted by Noemie de la Gorce, Vice President, ESG Equity Research at J.P. Morgan. Planet will participate in Morgan Stanley's 12th Annual Morgan Stanley Laguna Conference in Dana Point, California, on September 11, 2024. The company will be available for 1x1 meetings with investors. Ashley Johnson, Pres
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, announced it has signed a new contract with the NATO Communications and Information Agency (NCIA). NCIA's Alliance Persistent Surveillance from Space (APSS) program will use Planet's SkySat high-resolution satellite data to support NATO missions. Planet's tasking capabilities will empower NATO decision makers by providing imagery for use with detailed tracking and analysis of foreign military capabilities and activities, monitoring of military infrastructure, detecting movements, assessing threats effectively, filling missing intelligence gaps and helping provide an unclassified common operating picture
VANDENBERG SPACE FORCE BASE, Calif., Aug. 16, 2024 /PRNewswire/ -- Today, the Carbon Mapper Coalition's first satellite, Tanager-1, was successfully launched into orbit on the SpaceX Transporter-11 Rideshare mission. The satellite was developed by Planet Labs (NYSE:PL) with technology from NASA's Jet Propulsion Laboratory (JPL). The launch marks a critical milestone in Carbon Mapper's work to drive local action on methane and CO2 super-emitters, globally. The Tanager-1 satellite will grow transparency of methane super-emitters — pinpointing leaks so society can act now to stop them.Tanager-1 is the first of a series of satellites being developed and deployed thr
Planet Labs PBC (NYSE:PL), a leading provider of daily Earth data and insights, announced today that its first hyperspectral satellite, Tanager-1, along with 36 SuperDoves (Flock 4BE) will launch on the Transporter-11 Rideshare mission with SpaceX on Friday, August 16, 2024 from Vandenberg Space Force Base in California. SpaceX's launch window opens at 11:20 a.m. PT, and the live launch webcast can be viewed at this link. Tanager-1 will expand Planet's capabilities by adding more than 400 spectral bands of data, capturing phenomena that are invisible to the human eye. Tanager-1 is made possible by the Carbon Mapper Coalition, a philanthropically-funded effort to develop and deploy industr
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, showcased major customers and partners from across Central and South America yesterday at their "Planet On The Road" conference series, hosted in Bogotá, Colombia. Speakers at the in-person event included data and artificial intelligence experts and government leaders from Brazil, Colombia, and Bolivia, who focused on how satellite data was being used across Latin America for sustainable development, law enforcement, disaster response, and Amazon forest protection. Planet provides their customers and partners with satellite datasets and analysis feeds, helping to conduct broad area management and quantif
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that their SkySat data has been leveraged by the government of the Kingdom of Bahrain, the Kingdom's Survey and Land Registration Bureau (SLRB), to enhance urban planning initiatives nationwide. In collaboration with Planet Labs, Aetosky (formerly known as SkyMap Global) has implemented an advanced urban planning system. This turnkey solution integrates AI-enabled change detection technology with Planet's high-resolution satellite imagery, exemplifying a sophisticated approach to modern urban management. Leveraging Planet's SkySat 50 cm satellite imagery, Planet partner Aetosky has enable
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, has been working closely with BeZero Carbon, a global ratings agency for carbon markets. Through this partnership, BeZero provides solutions powered by Planet data that enable market participants to manage risk in their investments, transactions and carbon claims. BeZero was the first partner to access Planet's Forest Carbon Diligence product, which provides global 30-m time series of tree height, canopy cover, and forest carbon stocks. This data is already enhancing BeZero's methodologies, feeding into its dynamic baselines and monitoring for forest projects. Later this year, Planet is set to release
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal second quarter 2025 financial results for the quarter that ended July 31, 2024, after market close on Thursday, September 5, 2024. Planet's management will host a conference call to discuss the financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT the same day. Planet invites you to listen to the conference call, which will be webcast live at Planet's Investor Relations website (investors.planet.com). The webcast will be archived on this website and available for replay approximately two hours after the completion of the event. If you wo
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Largest Direct University Engagement To Leverage PlanetScope, SkySat, And Planetary Variable Analytics
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, announced Susan Wojcicki has been appointed to Planet's Board of Directors. With over two decades of leadership experience in the technology industry helping to scale disruptive companies, Planet believes Ms. Wojcicki is uniquely positioned to support the Company's continued growth and scalability across markets as an independent director.Susan was voted in at Planet's Annual General Meeting on July 11. This is the company's second board addition since going public in December 2021, following Kristen Robinson's appointment in November 2022.
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it has signed a seven-figure pilot contract with an international ministry of defense customer for PlanetScope data enhanced with the AI-based Theia solution from its partner SynMax. Together, Planet and SynMax, a Houston-based satellite analytics and intelligence company, are providing the customer with a cutting-edge maritime domain awareness ("MDA") solution for vessel detection and monitoring. Additionally, the customer also expanded their SkySat contact with Planet for high resolution satellite data.
JMP Securities analyst Trevor Walsh reiterates Planet Labs (NYSE:PL) with a Market Outperform and maintains $4 price target.
In the last three months, 10 analysts have published ratings on Planet Labs (NYSE:PL), offering a diverse range of perspectives from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 8 1 1 0 0 Last 30D 1 0 0 0 0 1M Ago 2 0 1 0 0 2M Ago 1 0 0 0 0 3M Ago 4 1 0 0 0 Analysts have recently evaluated Planet Labs and provided 12-month price targets. The average target is $5.31, accompanied by a high estimate of $7.00 and a low estimate of $2.00. A decline of 5.85% from t
Needham analyst Ryan Koontz reiterates Planet Labs (NYSE:PL) with a Buy and maintains $7 price target.
On Wednesday, Planet Labs (NYSE:PL) announced a reduction in workforce affecting approximately 17% of its employees. In an exchange filing, the company announced it would reduce its global workforce by about 180, constituting approximately 17% of its workforce before the cuts. This decision aligns with the company’s strategy to realign resources with market opportunities, enhance operational efficiency, and foster long-term growth and profitability. Due to the workforce reduction, the company expects to incur non-recurring charges totaling approximately $9.5 million to $10.5 million before taxes. These charges include severance and other termination benefits. The company anticipa
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Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, announced Susan Wojcicki has been appointed to Planet's Board of Directors. With over two decades of leadership experience in the technology industry helping to scale disruptive companies, Planet believes Ms. Wojcicki is uniquely positioned to support the Company's continued growth and scalability across markets as an independent director. Susan was voted in at Planet's Annual General Meeting on July 11. This is the company's second board addition since going public in December 2021, following Kristen Robinson's appointment in November 2022. "Susan has an incredibly impressive career scaling technology
Team includes C-level executives from industries including finance, real estate, food, and philanthropy LOS ANGELES, March 14, 2024 /PRNewswire/ -- Today, the Goldhirsh Foundation announced its new all-female investment committee—believed to be the first such investment committee at an organization of its size and scope. The committee members are: Shana Barghouti, Natasha Case, Celestine Schnugg, and Ruth Wernig. This new, all-female, investment committee is believed to be the first such at an organization of this size and scope.The quartet of executives have experience at org
Laura Malinasky's background in leading international companies' legal functions through periods of expansion will enhance Scribd's global operations SAN FRANCISCO, April 21, 2022 /PRNewswire/ -- Scribd, the reading subscription service that offers access to millions of ebooks, audiobooks, magazines, podcasts, and more, today announced the appointment of Laura Malinasky to its newly created role of Chief Legal Officer and General Counsel. Malinasky was selected due to her strong background in leading the legal functions of technology companies that have undergone incredible growth, unlocked capital, and transitioned into the public space.
Needham reiterated coverage of Planet Labs with a rating of Buy and set a new price target of $5.00 from $7.00 previously
Craig Hallum downgraded Planet Labs from Buy to Hold
JMP Securities initiated coverage of Planet Labs with a rating of Mkt Outperform and set a new price target of $5.50
Citigroup initiated coverage of Planet Labs with a rating of Buy and set a new price target of $6.00
Morgan Stanley initiated coverage of Planet Labs with a rating of Equal-Weight and set a new price target of $6.00
Deutsche Bank initiated coverage of Planet Labs with a rating of Buy and set a new price target of $7.00
Needham reiterated coverage of Planet Labs with a rating of Buy and set a new price target of $8.00 from $10.50 previously
Needham initiated coverage of Planet Labs with a rating of Buy and set a new price target of $10.50
Goldman Sachs initiated coverage of Planet Labs with a rating of Buy and set a new price target of $11.00
Wedbush initiated coverage of Planet Labs with a rating of Outperform and set a new price target of $10.00
Delivers Record Quarterly Revenue of $61.1 Million, up 14% Year-over-Year Expands GAAP Gross Margin to 53% and Non-GAAP Gross Margin to 58% Launched 36 SuperDove Satellites and First Tanager Hyperspectral Satellite Planet Labs PBC (NYSE:PL) ("Planet" or the "Company"), a leading provider of daily data and insights about Earth, today announced financial results for the period ended July 31, 2024. "During the second quarter, we saw continued strength with government customers, especially in the Defense & Intelligence sector where revenue grew over 30% year-over-year and we saw continued demand for our broad area monitoring solution paired with AI," said Will Marshall, Planet's Co-Founder,
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal second quarter 2025 financial results for the quarter that ended July 31, 2024, after market close on Thursday, September 5, 2024. Planet's management will host a conference call to discuss the financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT the same day. Planet invites you to listen to the conference call, which will be webcast live at Planet's Investor Relations website (investors.planet.com). The webcast will be archived on this website and available for replay approximately two hours after the completion of the event. If you wo
Delivers Record Quarterly Revenue of $60.4 Million, up 15% Year-over-Year Launches Planet Insights Platform to Unlock the Power of Earth Observation Data Tanager-1 Satellite Arrives at Vandenberg Space Force Base for Upcoming Launch Planet Labs PBC (NYSE:PL) ("Planet" or the "Company"), a leading provider of daily data and insights about Earth, today announced financial results for the period ended April 30, 2024. "Planet delivered a solid quarter to start the year. Growth was driven by the government sector where we are seeing increased demand for our data, particularly when enhanced by AI-based partner solutions. We also launched the Planet Insights Platform to empower an ecosystem of
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal first quarter 2025 financial results for the quarter that ended April 30, 2024, after market close on Thursday, June 6, 2024. Planet's management will host a conference call to discuss the financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT the same day. Planet invites you to listen to the conference call, which will be webcast live at Planet's Investor Relations website (investors.planet.com). The webcast will be archived on this website and available for replay approximately two hours after the completion of the event. If you would l
Delivers Record Full Year Revenue of $220.7 Million, up 15% Year-over-Year Surpasses One Thousand Customers in Fourth Quarter FY'24 Planet Labs PBC (NYSE:PL) ("Planet" or the "Company"), a leading provider of daily data and insights about Earth, today announced financial results for the period ended January 31, 2024. "Planet delivered a solid fourth quarter to cap off the year. We saw strong demand in the government sector and an evolution toward selling solutions alongside our data, enabled by the revolution happening in AI. We are prioritizing investment behind these trends to capture the opportunity," said Will Marshall, Planet's Co-Founder, Chief Executive Officer and Chairperson. "
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal fourth quarter and full year 2024 financial results for the year that ended January 31, 2024, after market close on Thursday, March 28, 2024. Planet's management will host a conference call to discuss the financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT the same day. Planet invites you to listen to the conference call, which will be webcast live at Planet's Investor Relations website (investors.planet.com). The webcast will be archived on this website and available for replay approximately two hours after the completion of the event
Delivers Record Quarterly Revenue of $55.4 Million Launched 36 SuperDove Satellites and First Pelican Tech Demo Satellite Released Groundbreaking Global Forest Carbon Product Planet Labs PBC (NYSE:PL) ("Planet" or the "Company"), a leading provider of daily data and insights about Earth, today announced financial results for the period ended October 31, 2023, that demonstrated continued growth and momentum of its unique data subscription business. "Growth in the third quarter was driven by strength in the Civil Government and Defense & Intelligence markets," said Will Marshall, Planet's Co-Founder, Chief Executive Officer and Chairperson. "We focused on sharpening our go-to-market execu
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 2024 financial results for the quarter that ended October 31, 2023, after market close on Thursday, December 7, 2023. Planet's management will host a conference call to discuss the financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT the same day. Planet invites you to listen to the conference call, which will be webcast live at Planet's Investor Relations website (investors.planet.com). The webcast will be archived on this website and available for replay approximately two hours after the completion of the event. If you w
Delivers Record Quarterly Revenue of $53.8 Million Announced Completion of Acquisition of Sinergise 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 second quarter for the period ended July 31, 2023 that demonstrated continued growth and momentum of its unique data subscription business. "This quarter was one of increasing focus and operational efficiency. Revenue for the second quarter of fiscal 2024 was in line with our expectations, while gross margin and Adjusted EBITDA outperformed for the quarter," said Will Marshall, Planet's Co-Founder, Chief Executive Officer and
Planet Labs PBC (NYSE:PL), a leading provider of daily data and insights about Earth, today announced that it plans to release its fiscal second quarter 2024 financial results for the quarter that ended July 31, 2023, after market close on Thursday, September 7, 2023. Planet's management will host a conference call to discuss the financial results and business outlook at 5:00 p.m. ET / 2:00 p.m. PT the same day. Planet invites you to listen to the conference call, which will be webcast live at Planet's Investor Relations website (investors.planet.com). The webcast will be archived on this website and available for replay approximately two hours after the completion of the event. If you wo