What is $PL?
Planet Labs PBC ($PL) operates the world's largest fleet of Earth-imaging satellites (over 200 active), capturing daily high-frequency imagery of the entire planet's landmass. They deliver geospatial data, analytics, and AI-powered insights to governments, defense agencies, agriculture, forestry, energy, and more—making global change visible and actionable.
Why consider it now?
Explosive growth momentum: Q3 FY2026 revenue hit a record $81.3M (+33% YoY), with defense/intelligence up 70%+. Massive contract wins (e.g., multi-year deals with NGA, NATO allies, German government) drove backlog to $734M (+216% YoY) and RPO to $672M (+361% YoY). Raised FY2026 guidance to $297-301M revenue, turning adjusted EBITDA positive. Stock at ~$22.61 with analyst targets averaging ~$18-19 (some up to $22), reflecting strong demand for satellite data in AI, defense, and climate monitoring.
How to approach?
Growth play in space tech/geospatial AI with recurring revenue (97% ACV recurring) and path to profitability/free cash flow. Watch upcoming earnings (Q4 FY2026 in March) for continued contract execution and Pelican high-res rollout. High upside if defense/commercial adoption accelerates, but volatile sector. NFA, DYOR.
#PL #SpaceTech #Investinghttps://finance.yahoo.com/news/planet-labs-pbc-pl-among-161131237.htmlVLEO <==
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