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Planet Labs PBC ( (PL) ) has provided an announcement.
On September 12, 2025, Planet Labs PBC issued $460 million in Convertible Senior Notes due 2030, with an interest rate of 0.50% per annum. These notes, which are convertible into cash or shares of common stock, are intended to support the company’s general corporate purposes and manage potential stock dilution through capped call transactions. The issuance reflects Planet Labs’ strategic financial planning to bolster its market position and operational capabilities.
The most recent analyst rating on (PL) stock is a Hold with a $10.00 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’s overall stock score is primarily driven by strong earnings call highlights, including revenue growth and backlog expansion. However, financial performance is hindered by profitability challenges and negative cash flow, while technical indicators suggest potential overbought conditions. The valuation remains unattractive due to negative earnings.
To see Spark’s full report on PL stock, click here.
More about Planet Labs PBC
Planet Labs PBC operates in the aerospace and satellite imagery industry, providing geospatial data and insights through its fleet of satellites. The company focuses on delivering high-resolution Earth imagery and analytics to various sectors, including agriculture, forestry, and urban planning.
Average Trading Volume: 10,503,361
Technical Sentiment Signal: Buy
Current Market Cap: $2.98B
See more insights into PL stock on TipRanks’ Stock Analysis page.