Planet Labs Seeing Major Geopolitical Tailwinds Drive Mission-Critical Demand, Wedbush Says

MT Newswires Live06-05 19:41

Planet Labs (PL) is seeing major geopolitical tailwinds amid increasing mission-critical demand globally, driving the growth of its defense and intelligence segment, Wedbush Securities said in a note Friday.

The company reported fiscal Q1 results with beats across the board as strong demand from domestic and international government agencies buoyed defense and intelligence segment growth to more than 65% year over year during the quarter, the brokerage said.

Backlog rose 72% to about $906.1 million and remaining performance obligations grew 81% to roughly $816 million, according to the note.

Planet Labs targets to capitalize on its government pipeline and expand its artificial intelligence-based commercial offerings, the brokerage said.

Wedbush Securities reiterated its outperform rating and $50 price target on Planet Labs.

Shares of Planet Labs were down nearly 4% in premarket activity Friday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2641117763?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-05 19:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2641117763","market":"sh","top_or_hot":-1,"title":"Planet Labs Seeing Major Geopolitical Tailwinds Drive Mission-Critical Demand, Wedbush Says","media":"MT Newswires Live","content":"<html><body><p> Planet Labs (PL) is seeing major geopolitical tailwinds amid increasing mission-critical demand globally, driving the growth of its defense and intelligence segment, Wedbush Securities said in a note Friday.</p><p>The company reported fiscal Q1 results with beats across the board as strong demand from domestic and international government agencies buoyed defense and intelligence segment growth to more than 65% year over year during the quarter, the brokerage said.</p><p>Backlog rose 72% to about $906.1 million and remaining performance obligations grew 81% to roughly $816 million, according to the note.</p><p>Planet Labs targets to capitalize on its government pipeline and expand its artificial intelligence-based commercial offerings, the brokerage said.</p><p>Wedbush Securities reiterated its outperform rating and $50 price target on Planet Labs.</p><p>Shares of Planet Labs were down nearly 4% in premarket activity Friday.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Planet Labs Seeing Major Geopolitical Tailwinds Drive Mission-Critical Demand, Wedbush Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPlanet Labs Seeing Major Geopolitical Tailwinds Drive Mission-Critical Demand, Wedbush Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-06-05 19:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Planet Labs (PL) is seeing major geopolitical tailwinds amid increasing mission-critical demand globally, driving the growth of its defense and intelligence segment, Wedbush Securities said in a note Friday.</p><p>The company reported fiscal Q1 results with beats across the board as strong demand from domestic and international government agencies buoyed defense and intelligence segment growth to more than 65% year over year during the quarter, the brokerage said.</p><p>Backlog rose 72% to about $906.1 million and remaining performance obligations grew 81% to roughly $816 million, according to the note.</p><p>Planet Labs targets to capitalize on its government pipeline and expand its artificial intelligence-based commercial offerings, the brokerage said.</p><p>Wedbush Securities reiterated its outperform rating and $50 price target on Planet Labs.</p><p>Shares of Planet Labs were down nearly 4% in premarket activity Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PLU","symbol_name":"Defiance Daily Target 2X Long PL ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2641117763","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2641117763","pubTimestamp":1780659671,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Planet Labs  is seeing major geopolitical tailwinds amid increasing mission-critical demand globally, driving the growth of its defense and intelligence segment, Wedbush Securities said in a note Friday.The company reported fiscal Q1 results with beats across the board as strong demand from domestic and international government agencies buoyed defense and intelligence segment growth to more than 65% year over year during the quarter, the brokerage said.Backlog rose 72% to about $906.1 million and remaining performance obligations grew 81% to roughly $816 million, according to the note.Planet Labs targets to capitalize on its government pipeline and expand its artificial intelligence-based commercial offerings, the brokerage said.Wedbush Securities reiterated its outperform rating and $50 price target on Planet Labs.Shares of Planet Labs were down nearly 4% in premarket activity Friday.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PLU":"Defiance Daily Target 2X Long PL ETF","PL":"Planet  Labs Pbc","BK4123":"调查和咨询服务"},"translate_title":"韦德布什表示，Planet Labs看到重大地缘政治推动力推动了关键任务需求","themeId":"f6f7c9f6a0174df79daf9f1dfd21f836","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PL":1,"PLU":0.6},"content_text":"Planet Labs (PL) is seeing major geopolitical tailwinds amid increasing mission-critical demand globally, driving the growth of its defense and intelligence segment, Wedbush Securities said in a note Friday.The company reported fiscal Q1 results with beats across the board as strong demand from domestic and international government agencies buoyed defense and intelligence segment growth to more than 65% year over year during the quarter, the brokerage said.Backlog rose 72% to about $906.1 million and remaining performance obligations grew 81% to roughly $816 million, according to the note.Planet Labs targets to capitalize on its government pipeline and expand its artificial intelligence-based commercial offerings, the brokerage said.Wedbush Securities reiterated its outperform rating and $50 price target on Planet Labs.Shares of Planet Labs were down nearly 4% in premarket activity Friday.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2641117763","isCrawlerRequest":true}