Analyst Kristine Liwag of Morgan Stanley maintained a Hold rating on Planet Labs PBC, with a price target of $20.00.
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Kristine Liwag’s rating is based on Planet Labs PBC’s recent financial performance and strategic direction. The company reported strong third-quarter results for fiscal year 2026, with revenue and adjusted EBITDA exceeding market expectations. This marks the fourth consecutive quarter of adjusted EBITDA profitability and the third consecutive quarter of free cash flow profitability, driven by significant growth in the Defense & Intelligence sector and contributions from new satellite services programs.
Despite these positive developments, Liwag maintains a Hold rating due to anticipated investments in fiscal year 2027 that may impact profitability compared to fiscal year 2026. While the transition from data subscription to satellite services is gaining traction among government and commercial clients, the associated costs could temper short-term gains. The company’s strategic shift, expanding backlog, and new multi-year contracts suggest long-term potential, but the near-term financial outlook remains balanced, justifying the Hold rating.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $13.50 price target.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PL in relation to earlier this year.