Overview
- Goldman Sachs raised its price target to $12.30 and kept a Neutral rating after a better-than-expected third quarter, noting recent contracts with the U.S. Navy, NASA, and the National Geospatial-Intelligence Agency.
- Clear Street increased its target to $22 with a Buy rating, citing prospects for 20%+ sales growth, profit expansion, and a path toward the Rule of 40 as the firm said the company plans to maintain profitability and reinvest cash flow.
- Planet Labs shares have climbed more than 400% over the past year, leaving the stock trading around a price-to-sales multiple of 23 versus a historical average near 5.
- The company operates nearly 200 satellites that frequently image the entire planet and has built a proprietary archive approaching 10 years, supporting its stated $128 billion total addressable market.
- For the first nine months of 2025, revenue reached $221 million, up 21% year over year, with a $94 million GAAP net loss that included a $39 million warrant-related charge and positive free cash flow of $59 million.