Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Planet Labs PBC ( (PL) ) has shared an update.
On January 21, 2026, Planet Labs PBC issued 5,133,294 shares of Class A common stock and 584,052 shares of Class B common stock to former qualifying securityholders of Legacy Planet, after the company’s share price met a $19.00-per-share performance threshold for 20 out of 30 trading days, as stipulated in its 2021 merger agreement. The newly issued shares carry the same economic and voting rights as existing stock of their respective classes, leaving Planet with 312,231,396 Class A shares and 22,909,742 Class B shares outstanding, and further entrenching the high-vote Class B structure. Separately, under a lockup agreement with its SPAC sponsor dMY Sponsor IV, vesting conditions have now been satisfied for 75% of the sponsor’s earnout shares and warrants, reflecting Planet’s sustained share-price performance above the $15.00, $17.00 and $19.00 triggers and incrementally increasing the sponsor’s fully vested economic stake in the company.
The most recent analyst rating on (PL) stock is a Hold with a $16.40 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 improving fundamentals and a constructive earnings outlook (strong growth, rising backlog, adjusted EBITDA profitability and continued positive free cash flow), partially offset by ongoing GAAP losses and negative ROE. Technically the stock is in a strong uptrend but appears overbought, and valuation is constrained by the negative P/E and lack of dividend support.
To see Spark’s full report on PL stock, click here.
More about Planet Labs PBC
Planet Labs PBC operates in the space-based data and Earth observation industry, providing satellite imagery and related geospatial data products and services to commercial and government customers. The company focuses on monitoring environmental, agricultural, infrastructure and security developments globally through its constellation of imaging satellites, selling data subscriptions and analytics that support decision-making across multiple sectors.
Average Trading Volume: 11,516,373
Technical Sentiment Signal: Buy
Current Market Cap: $8.78B
Find detailed analytics on PL stock on TipRanks’ Stock Analysis page.