On September 17, Planet Labs Pbc rose 5.59% in regular trading, trading at $16.8842/share, with turnover of approximately $38.97 million. The stock continued to benefit from a series of positive catalysts that have been fueling investor sentiment in recent sessions.
The company previously reported fiscal Q2 revenue of $116.1 million, representing a 58% year-over-year increase and significantly exceeding the analyst consensus estimate of $104.5 million. Adjusted EPS came in at $0.02, swinging to profitability from a loss of $0.01 per share in the prior-year period. Full-year fiscal 2027 revenue guidance was set at $430 million to $441 million, largely in line with the FactSet estimate of $435.8 million.
Meanwhile, New Street upgraded the stock from Sell to Neutral with a $22 price target, while Berenberg initiated coverage with a Buy rating and a $25 target. Additionally, the company signed a seven-figure, one-year contract with a European defense and intelligence client and is reportedly exploring expansion into data center monitoring, further broadening its commercial outlook.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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