Planet Labs PBC (PL) - Stock Analysis
Last updated: Jan 14, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Robust Q3 2025 revenue growth (+34%), large multi-year contracts, AI-enabled satellite deployments, and improving financials position Planet Labs as a hot idea with strong near-term growth drivers though current technical momentum is moderate.
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AI Analyst Overview
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Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠High gross margin ⢠Rising leverage ⢠Improved cash PL shows durable unit economics and much stronger liquidity (big cash build and higher deferred revenue) but materially worsening profitability and solvency â operating losses widened and debt spiked, leaving valuation disconnected from fundamentals.
Price Behavior
Key Price Behavior Insights: ⢠Strong momentum ⢠Resistance-turned-support ⢠Pullback risk Support Level: $22.70 (potential lower support ~$20.60) Resistance Level: $25.32 PL has shown a strong bullish run last month, surging from about $19.18 to $25.32 and flipping the prior $22.70 resistance into near-term support, though the rapid rise raises pullback risk.
Sentiment & News
Key News Insights: ⢠Government contracts ⢠Backlog surge ⢠Investor enthusiasm Planet Labs' multi-year government satellite deals, capped by a low nine-figure Swedish contract, have driven a surge in backlog, investor interest and share price, marking a rapid pivot to stronger revenue visibility and free-cash-flow performance.
AI Summary
Planet Labs has meaningfully shifted from a capex-heavy satellite builder to a governmentâbacked, service-led business with tripled backlog and improved cash â but the investment hinges on timely conversion of that backlog into predictable, highâmargin revenue and sustained positive free cash flow while avoiding execution hiccups and mounting refinancing risk.
Description
Planet Labs PBC builds and operates constellations of small satellites that collect frequent global imagery and distribute geospatial data via an online platform. The company develops cloud-native processing technology and associated space hardware and software to harmonize imagery for time-series analysis and data fusion. Its customer base includes agriculture, mapping and forestry firms, financial and insurance companies, and government agencies; the firm was founded in 2010 and is based in San Francisco, California.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Dec 8 | Dec 15 | PL | Planet Labs PBC | Robust Q3 2025 revenue growth (+34%), large multi-year contracts, AI-enabled satellite deployments, and improving financials position Planet Labs as a hot idea with strong near-term growth drivers though current technical momentum is moderate. | Closed | +39.4% |