Key Stats for Planet Labs Stock
- Pre-market Price Change for Planet Labs stock: 18%
- $PL Share Price as of Dec. 10: 12.94
- 52-Week High: $16.78
- $PL Stock Price Target: $14.55
Now Live: Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free)>>>
What Happened?
Planet Labs (PL) stock is up over 18% in pre-market after the satellite imaging company crushed third-quarter expectations and raised its full-year guidance.
The company reported revenue of $81.25 million, significantly beating analyst estimates of $72 million. That represents 33% growth year-over-year, marking another quarter of accelerating growth.
More importantly, Planet Labs achieved its fourth consecutive quarter of adjusted EBITDA profitability, posting $5.6 million in profit. The company also generated positive free cash flow for the third consecutive quarter, reinforcing expectations of positive cash flow for the full fiscal year.
The real driver behind Planet Labs stock rally is the company’s massive contract wins with government agencies.
Defense and intelligence sector revenue jumped over 70% year-over-year, driven by new deals with the National Geospatial-Intelligence Agency, the U.S. Navy, and NATO. The company’s backlog exploded to $734.5 million, up 216% year-over-year, providing strong visibility into future revenue.
Planet Labs raised its full-year fiscal 2026 revenue guidance to $297 million to $301 million, up from previous expectations.
It also guided fiscal 2026 adjusted EBITDA to $6 million to $8 million, a major milestone indicating the business has reached sustainable profitability. For the fourth quarter, Planet Labs expects revenue between $76 million and $80 million, representing about 27% year-over-year growth.
CEO Will Marshall highlighted several major contract wins during the quarter. The company secured a $12.8 million contract with the NGA for maritime monitoring using AI-powered analytics.
NATO awarded Planet Labs a seven-figure expansion before completing its existing pilot program. The U.S. Navy renewed its $7.5 million contract for vessel detection in the Pacific. An international defense customer also signed an eight-figure renewal for high-resolution imagery.
Planet Labs recently launched 38 new satellites, including two high-resolution Pelican satellites that delivered first light imagery the next day.
It also announced plans to open a Berlin manufacturing facility to double its production capacity and meet growing European demand.
See analysts’ growth forecasts and price targets for Planet Labs stock (It’s free!) >>>
What the Market Is Telling Us About Planet Labs Stock
The market’s strong reaction shows investors are confident Planet Labs has reached an inflection point. Planet Labs stock has climbed 250% year-to-date as the company transitioned from unprofitable growth to profitable expansion.
The combination of accelerating revenue growth, positive cash flow, and expanding margins validates the business model.
With $734.5 million in backlog (up 216% year-over-year), Planet Labs has nearly $2.50 in backlog for every dollar of annual revenue.
About 61% of that backlog is expected to convert to revenue within the next two years, giving the company exceptional visibility.
The company expects to maintain the 27% growth rate in the fourth quarter of fiscal 2027 while achieving breakeven or better adjusted EBITDA. This suggests Planet Labs can scale revenue without burning cash, a critical factor for long-term sustainability.
The government sector momentum appears strong. Defense and intelligence customers are increasingly turning to commercial satellite imagery providers for real-time intelligence.
Planet Labs’ daily global monitoring capability, combined with AI-powered analytics, positions the company as a key defense technology partner.
The company’s Project Suncatcher, in partnership with Google and its next-generation Owl satellite constellation, could unlock even larger opportunities in AI computing and advanced imaging.
For investors who’ve waited years for profitability, Planet Labs stock finally delivers both growth and positive cash flow. If the company executes on its robust pipeline of government contracts, shares could continue climbing from today’s levels.
Estimate a company’s fair value instantly (Free with TIKR) >>>
How Much Upside Does Planet Labs Stock Have From Here?
With TIKR’s new Valuation Model tool, you can estimate a stock’s potential share price in under a minute.
All it takes is three simple inputs:
- Revenue Growth
- Operating Margins
- Exit P/E Multiple
If you’re not sure what to enter, TIKR automatically fills in each input using analysts’ consensus estimates, giving you a quick, reliable starting point.
From there, TIKR calculates the potential share price and total returns under Bull, Base, and Bear scenarios so you can quickly see whether a stock looks undervalued or overvalued.
See a stock’s true value in under 60 seconds (Free with TIKR) >>>
Looking for New Opportunities?
- See what stocks billionaire investors are buying so you can follow the smart money.
- Analyze stocks in as little as 5 minutes with TIKR’s all-in-one, easy-to-use platform.
- The more rocks you overturn… the more opportunities you’ll uncover. Search 100K+ global stocks, global top investor holdings, and more with TIKR.
Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
