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Planet Labs PBC ( (PL) ) has issued an update.
On February 3, 2026, Planet Labs PBC issued a total of 5,171,222 shares of Class A common stock and 584,054 shares of Class B common stock to former qualifying securityholders of Legacy Planet, after the company’s share price met the final $21.00 performance threshold required under its 2021 merger earnout structure; this issuance exhausts all remaining contingent consideration, bringing the company’s outstanding share count to 317,596,228 Class A shares and 23,493,796 Class B shares, with the new shares carrying the same rights as existing stock, including the enhanced voting power and transfer restrictions attached to Class B stock. In a parallel development tied to the same share price milestones of $15.00, $17.00, $19.00 and $21.00, all of the Sponsor’s previously unvested earnout shares and warrants fully vested, signaling that Planet Labs’ stock has consistently traded at or above each targeted price level within the required trading periods and aligning sponsor incentives with the company’s recent market performance.
The most recent analyst rating on (PL) stock is a Hold with a $26.00 price target. To see the full list of analyst forecasts on Planet Labs PBC stock, see the PL Stock Forecast page.
Spark’s Take on PL Stock
According to Spark, TipRanks’ AI Analyst, PL is a Neutral.
The score is driven by strong technical momentum and a favorable earnings call featuring accelerating growth, rising backlog, and continued adjusted EBITDA/FCF progress. Offsetting these positives are still-weak GAAP profitability reflected in financial statements and a negative P/E, with some dilution from recent earnout share issuances.
To see Spark’s full report on PL stock, click here.
More about Planet Labs PBC
Planet Labs PBC operates in the space and satellite imaging industry, providing Earth observation data and analytics through its constellation of satellites to commercial and government customers seeking geospatial intelligence and monitoring solutions.
Average Trading Volume: 12,384,889
Technical Sentiment Signal: Buy
Current Market Cap: $7.26B
See more insights into PL stock on TipRanks’ Stock Analysis page.