Planet Labs (PL) Secures Nine-Figure Military Contract with Sweden, Stock Up 28%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Fool
- Strong Quarterly Performance: Planet Labs reported a record revenue of $81 million in Q3 fiscal 2026, reflecting a 216% year-over-year growth, indicating robust growth potential in the satellite data service sector and suggesting sustained revenue growth for the coming years.
- Key Contract Secured: The multiyear, nine-figure deal with Sweden's military marks the third major satellite services contract in the past 12 months, further solidifying its position in the government and agency market and enhancing revenue predictability.
- Market Performance Surge: As of January 21, Planet Labs' stock has risen 28% year-to-date and 468% over the past year, reflecting investor confidence in its future growth and profitability despite geopolitical uncertainties.
- Improving Financials: The company is slowing its cash burn, with adjusted EBITDA now positive; while it has yet to achieve GAAP profitability, the stabilization of expenses and growth in recurring revenue suggest that profitability could be realized in the near future.
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.
