
Planet Labs (PL) Stock Forecast & Price Target
Planet Labs (PL) Analyst Ratings
Bulls say
Planet Labs PBC has demonstrated remarkable financial growth, with total Remaining Performance Obligations (RPO) increasing by 371% year-over-year to $672 million and current RPO (cRPO) rising by 86% year-over-year to $222 million, significantly driven by recent contracts. The company's total revenue for the third quarter (F3Q26) reached $81.3 million, reflecting a 33% year-over-year increase and surpassing both company guidance and market estimates, primarily due to strong performance in its data subscription and defense segments. Additionally, Planet Labs reported an increase in cash reserves to $678 million, up from $278 million in the previous quarter, highlighting its solid financial position and ability to capitalize on expanding global opportunities amidst a backdrop of diminishing launch costs and an increase in US-allied defense budgets.
Bears say
The financial outlook for Planet Labs appears negative primarily due to a significant decrease in free cash flow, which fell to $0.9 million compared to $46.3 million in the previous period, indicating challenges in efficient growth and capital expenditure management. Additionally, the company experienced a decline in total RPO and backlog, signaling weakness in the commercial sector and a struggle to maintain momentum in customer growth, possibly attributable to uncertainty regarding the value of geospatial data in new market segments. The prolonged sales cycles and potential shortcomings in product development further suggest that the company may face difficulties in achieving its growth objectives and generating sustainable revenue.
This aggregate rating is based on analysts' research of Planet Labs and is not a guaranteed prediction by Public.com or investment advice.
Planet Labs (PL) Analyst Forecast & Price Prediction
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