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An update from Planet Labs PBC ( (PL) ) is now available.
On January 13, 2026, Planet Labs PBC issued 10,286,172 Class A shares and 1,168,104 Class B shares as earnout consideration to former securityholders of Legacy Planet, after the company’s Class A stock price met $15 and $17 per-share thresholds for 20 out of 30 trading days, as set out in its 2021 merger agreement. The newly issued shares, which carry the same rights as existing Class A and Class B stock (with Class B retaining 20 votes per share and transfer and sunset restrictions), increase Planet’s outstanding equity to 306,262,586 Class A shares and 22,325,690 Class B shares, modestly diluting existing holders but signaling sustained stock-price performance above key milestones; separately, 50% of the sponsor’s earnout shares and warrants also vested under similar price triggers, aligning sponsor rewards with shareholder value creation over the post-merger period.
The most recent analyst rating on (PL) stock is a Buy with a $31.00 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 primarily by mixed fundamentals: improving cash generation and low leverage but still weak GAAP profitability. Earnings-call signals are a notable positive (strong growth, EBITDA/FCF momentum, sharply higher backlog), while technicals are supportive but overextended. Valuation is constrained by negative earnings and no dividend, with the Sweden contract providing an incremental positive catalyst.
To see Spark’s full report on PL stock, click here.
More about Planet Labs PBC
Planet Labs PBC is a space and Earth observation company that operates a constellation of satellites to provide high-resolution imagery and geospatial data, serving commercial, government and institutional customers that rely on satellite data for monitoring, analytics and decision-making across sectors such as agriculture, environmental management and security.
Average Trading Volume: 11,006,607
Technical Sentiment Signal: Buy
Current Market Cap: $8.38B
See more insights into PL stock on TipRanks’ Stock Analysis page.