Planet Labs PBC Board Members Resign Before Annual Meeting

Planet Labs PBC ( (PL) ) has issued an update.

On May 28, 2025, Niccolo de Masi and J. Heidi Roizen announced their resignations from the board of directors of Planet Labs PBC, effective after the company’s 2025 Annual Meeting of Stockholders. Their departures were not due to any disagreements with the company. Following these resignations, the board decided to reduce its size to eight members, effective immediately after the 2025 Annual Meeting.

The most recent analyst rating on (PL) stock is a Buy with a $5.00 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.

Planet Labs PBC shows strong revenue growth and positive developments with major contracts, as highlighted in their earnings call. However, the company’s persistent losses, negative cash flows, and bearish technical indicators present significant challenges. The negative P/E ratio further emphasizes the need for operational improvements. Despite the positive outlook, these financial and technical challenges weigh heavily on the overall stock score.

To see Spark’s full report on PL stock, click here.

More about Planet Labs PBC

Average Trading Volume: 3,940,140

Technical Sentiment Signal: Buy

Current Market Cap: $1.2B

Learn more about PL stock on TipRanks’ Stock Analysis page.