<div id="readability-page-1"><p>Planet Labs PBC (NYSE:PL - Get Free Report) shares hit a new 52-week high on Monday . The company traded as high as $12.68 and last traded at $12.48, with a volume of 784097 shares trading hands. The stock had previously closed at $12.20.</p><div><p><span></span><span>Get <strong>Planet Labs PBC</strong> alerts:</span></p></div><h2>Wall Street Analysts Forecast Growth</h2><ul><li>3 Dividend Stocks to Hold Through Market Volatility This Fall</li></ul><p>A number of equities research analysts have weighed in on PL shares. Needham &amp; Company LLC boosted their target price on shares of Planet Labs PBC from $8.00 to $12.00 and gave the company a &#34;buy&#34; rating in a research note on Tuesday, September 9th. Wall Street Zen upgraded Planet Labs PBC from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research note on Friday, June 6th. Citigroup  restated an &#34;outperform&#34; rating on shares of Planet Labs PBC in a research note on Tuesday, September 9th. The Goldman Sachs Group assumed coverage on Planet Labs PBC in a research note on Monday, June 30th. They issued a &#34;neutral&#34; rating and a $4.60 price objective for the company. Finally, JMP Securities upped their price objective on Planet Labs PBC from $8.00 to $11.00 and gave the stock a &#34;market outperform&#34; rating in a research note on Tuesday, September 9th. Nine analysts have rated the stock with a Buy rating and one  has given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $7.56.</p><p><b>View Our Latest Research Report on PL</b></p><h2>Planet Labs PBC Trading Up 4.3%</h2><ul><li>5 Space Stocks That Could Soar in the Next Decade</li></ul><p>The stock has a market capitalization of $3.92 billion, a PE ratio of -42.41 and a beta of 1.81. The firm has a 50 day moving average price of $7.80 and a 200 day moving average price of $5.60. </p><p>Planet Labs PBC (NYSE:PL - Get Free Report) last issued its earnings results on Monday, September 8th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.03). The firm had revenue of $73.39 million during the quarter, compared to the consensus estimate of $65.88 million. Planet Labs PBC had a negative return on equity of 20.25% and a negative net margin of 34.46%.The company's quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company posted ($0.06) EPS.  Planet Labs PBC has set its FY 2026 guidance at  EPS. Q3 2026 guidance at  EPS. On average, equities research analysts expect that  Planet Labs PBC will post -0.37 EPS for the current year. </p><h2>Institutional Inflows and Outflows</h2><ul><li>3 Cloud Build-Out Stocks Behind the AI Infrastructure Boom</li></ul><p>Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in  Planet Labs PBC by 54.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,856,245 shares of the company's stock worth $6,274,000 after buying an additional 653,173 shares during the period.  Allspring Global Investments Holdings LLC bought a new position in  Planet Labs PBC in the 1st quarter worth $115,000.  Rhumbline Advisers boosted its holdings in  Planet Labs PBC by 2.3% in the 1st quarter. Rhumbline Advisers now owns 293,950 shares of the company's stock worth $994,000 after buying an additional 6,692 shares during the period.  Principal Financial Group Inc. boosted its holdings in  Planet Labs PBC by 1,316.8% in the 1st quarter. Principal Financial Group Inc. now owns 167,362 shares of the company's stock worth $566,000 after buying an additional 155,549 shares during the period.  Finally, Vontobel Holding Ltd. boosted its holdings in shares of  Planet Labs PBC by 220.5% during the 1st quarter. Vontobel Holding Ltd. now owns 45,143 shares of the company's stock valued at $153,000 after purchasing an additional 31,057 shares during the last quarter. Institutional investors own  41.71% of the company's stock. </p><h2>Planet Labs PBC Company Profile</h2> (Get Free Report)<p>Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company's platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Planet Labs PBC</li><li>Utilities Stocks Explained – How and Why to Invest in Utilities</li><li>Memes Are Back: Retail Investors Are Piling Into 3 Quantum Stocks</li><li>5 discounted opportunities for dividend growth investors</li><li>3 Emerging Stocks You Haven't Heard Much From This Cycle</li><li>What Are the U.K. Market Holidays? How to Invest and Trade</li><li>Costco Investors Will Get A “Special” Treat For Christmas</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Planet Labs PBC Right Now?</h2><p>Before you consider Planet Labs PBC, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Planet Labs PBC wasn't on the list.</p><p>While Planet Labs PBC currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Planet Labs PBC (NYSE:PL) shares reached a new 52-week high of $12.68, closing at $12.48 with a trading volume of 784,097. Analysts have upgraded their ratings, with Needham raising the target price from $8.00 to $12.00. The company reported a quarterly revenue of $73.39 million, exceeding estimates, but missed EPS expectations at ($0.07). Institutional investors hold 41.71% of the stock, and the company has a market cap of $3.92 billion. Analysts expect a moderate buy rating with an average price target of $7.56.</p>

Planet Labs PBC (NYSE:PL) Hits New 52-Week High - Time to Buy?