PL Rallies 7.4%, Tests 52-Week High $20.76
$Planet Labs Pbc(PL)$
Planet Labs PBC (PL) Rallies +7.40%: Satellite Imagery Leader Tests 52-Week High, Eyes $22 Target
Latest Close Data
Closed at $20.60 (12/23/2025), up +7.40% ($1.42). The price is at its 52-week high of $20.76.
Core Market Drivers
The surge appears driven by strong investor sentiment towards its Earth observation data platform.
Continued institutional buying from major holders like BlackRock and Vanguard provides fundamental support, offsetting recent net capital outflows over the past week.
Technical Analysis
Volume was robust at 16.69M shares (Volume Ratio: 1.06), confirming the breakout.
The MACD (DIF: 1.797, DEA: 1.148, MACD: 1.299) shows a strong bullish momentum with the histogram expanding.
RSI readings (6-day: 83.18, 12-day: 79.30) are in overbought territory, signaling a potential near-term pullback or consolidation.
Key Price Levels
Immediate Pivot/Resistance: $20.76 (52-Week High). A confirmed break above targets the $22.0 analyst high.
Primary Support: $19.28 (Previous Resistance). This level should now act as initial support.
Strong Support: $12.88. A major support zone from recent consolidation.
Valuation Perspective
The stock trades at a P/S of 22.88, which is elevated and reflects high growth expectations in the satellite data sector.
The forward P/E is deeply negative at -188.04, highlighting the company's current unprofitability as it invests for scale.
Analyst Targets
Coverage from 10 analysts shows a bullish consensus: 2 Strong Buy, 6 Buy, 3 Hold. The average price target is $17.43, with a range from $11.0 to $22.0, indicating significant upside potential to the high target.
Weekly Outlook
Expect consolidation or a minor pullback after the sharp run to all-time highs, given overbought RSI conditions.
The immediate range is between $19.28 and $20.76. A sustained break above $20.76 could propel the stock toward the $22.0 target, while a break below $19.28 may see a test of lower support.
Risk Disclaimer
This analysis is for informational purposes only and not financial advice. Trading involves significant risk. Past performance does not guarantee future results. Always conduct your own research and consider your financial situation before investing. The company's negative earnings and high valuation multiples present substantial risks.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
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.
