Planet Labs (NYSE: PL) Stock Soars 468% Yearly, Secures Nine-Figure Military Contract
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: NASDAQ.COM
- Significant Revenue Growth: Planet Labs reported a record revenue of $81 million in Q3 of fiscal 2026, reflecting a 216% year-over-year increase, indicating strong demand and market appeal for its satellite data services.
- Contract Expansion: The multiyear nine-figure deal with Sweden's military marks the third major satellite services contract in the past 12 months, further solidifying its market position in defense and climate monitoring.
- Improving Financials: The company has achieved positive adjusted EBITDA and is slowing its cash burn, and while it has not yet reached GAAP profitability, the outlook remains optimistic as recurring revenue continues to grow.
- Market Risks and Opportunities: While geopolitical instability may drive demand for satellite data, it also poses risks, particularly due to the reliance on a few lucrative contracts for revenue, necessitating cautious evaluation of potential volatility by investors.
Analyst Views on PL
Wall Street analysts forecast PL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for PL is 18.93 USD with a low forecast of 12.30 USD and a high forecast of 22.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 26.060
Low
12.30
Averages
18.93
High
22.00
Current: 26.060
Low
12.30
Averages
18.93
High
22.00
About PL
Planet Labs PBC is a provider of global, daily satellite imagery and geospatial solutions. It designs, builds, and operates the earth observation fleet of imaging satellites. It provides mission-critical data, advanced insights, and software solutions comprising agriculture, forestry, intelligence, education and finance companies and government agencies, enabling users to derive value from satellite imagery. Its satellite data and analytics reveal actionable insights regarding phenomena, such as deforestation, agriculture, climate change, biodiversity, and supply chains worldwide. Its daily stream of proprietary data and machine learning analytics, delivered over its cloud-native platform, helps companies, governments and civil society use satellite imagery to discover insights as change happens. Its digital technology platform includes Agile Aerospace, Proprietary Big Data, and Platform and Analytics. Its products include Planet Monitoring, Planet Tasking, and others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.








