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The latest announcement is out from Planet Labs PBC ( (PL) ).
On January 12, 2026, Planet Labs PBC announced a multi-year, low nine-figure agreement with the Swedish Armed Forces to provide a dedicated suite of satellites along with access to its high-resolution data and intelligence solutions to support Sweden’s peace and security operations. The deal, Planet’s third major Satellite Services contract in 12 months and part of more than half a billion dollars signed across similar agreements with Sweden, Japan and Germany, reinforces the company’s push to offer sovereign nations a faster, lower-risk route to advanced space-based capabilities while cementing its market leadership in national security-focused Earth observation. Planet said the contract’s commercial payments will be recognized as revenue over several years and confirmed that this new business does not alter its previously issued financial guidance for the quarter and fiscal year ending January 31, 2026, as it plans to leverage the expanded fleet capacity to serve both government and commercial customers worldwide.
The most recent analyst rating on (PL) stock is a Hold with a $23.00 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 mainly by improving fundamentals and a strong earnings-call outlook (accelerating growth, rising backlog, recurring revenue mix, and sustained adjusted EBITDA/FCF positivity), supported by an uptrend in technicals. These positives are tempered by ongoing GAAP profitability challenges, stretched momentum indicators, and weak valuation signals due to a negative P/E and no dividend.
To see Spark’s full report on PL stock, click here.
More about Planet Labs PBC
Planet Labs PBC is a leading provider of global, daily satellite imagery and geospatial solutions, designing, building and operating one of the largest Earth observation fleets of imaging satellites. Founded in 2010 by former NASA scientists and listed on the New York Stock Exchange, the company supplies mission-critical data, advanced insights and software to customers across agriculture, forestry, intelligence, education, finance and government, helping users monitor change on land and at sea with multiple satellite constellations and high-resolution imagery capabilities.
Average Trading Volume: 10,691,505
Technical Sentiment Signal: Buy
Current Market Cap: $7.12B
Learn more about PL stock on TipRanks’ Stock Analysis page.