
Planet Labs (PL) Stock Forecast & Price Target
Planet Labs (PL) Analyst Ratings
Bulls say
Planet Labs PBC demonstrated robust financial growth with a total revenue increase of 33% year-over-year, reaching $81.3 million, significantly exceeding both company guidance and market expectations. The company's remaining performance obligations (RPO) surged by 371% to $672 million, with current RPO (cRPO) rising 86% to $222 million driven by strategic contracts, indicating strong future revenue visibility. Additionally, Planet Labs ended the fiscal third quarter with a substantial cash position of $678 million, reflecting improved execution and capturing global opportunities amidst a growing defense budget landscape.
Bears say
Planet Labs PBC reported a total Remaining Performance Obligations (RPO) of $672.5 million, representing a substantial year-over-year increase of 361%; however, it experienced a 3% quarter-over-quarter decline, indicating potential challenges in maintaining momentum. The company also noted a significant drop in free cash flow to $0.9 million, down from $46.3 million in the previous period, highlighting difficulties in balancing growth and capital expenditures amidst a backdrop of extended sales cycles and slowed customer growth due to hesitations regarding the value of geospatial data in new verticals. Additionally, there are concerns about the potential underperformance of product development, which may further impact the company's ability to capitalize on its market opportunities.
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
Start investing in Planet Labs (PL)
Order type
Buy in
Order amount
Est. shares
0 shares