Streetbeat News

Planet Labs PBC

https://www.planet.com

Industry

Aerospace & Defense

Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems. It serves agriculture, mapping, forestry, and finance and insurance, as well as federal, state, and local government bodies. The company was incorporated in 2010 and is headquartered in San Francisco, California.

Open

3.03

Mkt cap

860M

Volume

4.2M

High

3.04

P/E Ratio

-6.23

52-wk high

3.30

Low

2.72

Div yield

N/A

52-wk low

1.67

Planet Labs PBC is set to launch its Pelican tech demonstration satellite, Pelican-1, and 36 SuperDoves, Flock 4Q, on SpaceX's Transporter-9 mission on November 11, 2023. The launch will take place from Vandenberg Space Force Base in California.

Portfolio Pulse from Benzinga Newsdesk

November 10, 2023 | 6:13 am

Virgin Galactic Holdings, Inc (NYSE:SPCE) reported strong Q2 results, beating expectations and showing significant growth, which led to a surge in its stock price. The company's earnings loss was 28 cents per share on revenue of $1.73 million, better than the estimated loss of 43 cents per share. Investors interested in the space sector may also consider the Procure Space ETF (NASDAQ:UFO), which invests in companies in the space sector, including Virgin Galactic. The ETF also holds Planet Labs PBC (NYSE:PL) and Globalstar, Inc (AMEX:GSAT), both involved in the current Middle East crisis.

Portfolio Pulse from Melanie Schaffer

November 09, 2023 | 3:58 pm

Planet Labs PBC has released the first ground testing results for NASA's CSP Program, validating the radio and antenna design, link margin, data rates, and latency. This is a step towards offering a real-time connectivity solution with Planet's LEO satellites. The RTcomms technology is persistent, ubiquitous, near-real, low data rate intersatellite link using global GEO C-band beams.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 1:05 pm

The escalating Israel-Hamas conflict has highlighted the importance of the space industry, particularly for communication, navigation, and imaging. Companies like Tesla's SpaceX have previously provided vital services in such conflicts. The ongoing conflict has increased the importance of space industry companies and thematic funds like ProcureAM's Space ETF (NASDAQ:UFO). Planet Labs PBC (NYSE:PL) and Globalstar, Inc (NYSE:GSAT) are directly involved in the current crisis, providing imaging and satellite communications respectively. UFO has been trading in a downtrend since August 10, but a reversal may be on the horizon.

Portfolio Pulse from Melanie Schaffer

October 23, 2023 | 4:59 pm

The recent Israel-Hamas conflict has highlighted the critical role of space technology in communication, navigation, and national security. Companies like Planet Labs PBC and Globalstar, Inc. have been directly involved in the crisis, providing high-quality imaging and satellite communications respectively. Investors can invest in the space industry through thematic funds like ProcureAM's Space ETF.

Portfolio Pulse from Johnny Rice

October 18, 2023 | 10:43 am

In the last quarter, Planet Labs (NYSE:PL) received 5 bullish and 1 somewhat bullish ratings from analysts. The company's average 12-month price target is $5.48, representing an 18.21% decrease from the previous average price target of $6.70.

Portfolio Pulse from Benzinga Insights

October 12, 2023 | 3:00 pm

Needham analyst Ryan Koontz has reiterated a 'Buy' rating on Planet Labs (NYSE:PL) and maintained a price target of $7.

Portfolio Pulse from Benzinga Newsdesk

October 12, 2023 | 10:19 am

Benchmark analyst Josh Sullivan reiterated a Buy rating on Planet Labs (PL) with a price target of $5. Sullivan believes PL's unique real-time and historical global mapping data is under-appreciated. He notes that PL is indexing the Earth for searchable items, similar to how Google indexed webpages. Sullivan is optimistic about PL's FY25 targets, including adjusted EBITDA profitability and 20%+ annual revenue growth. PL shares are currently trading lower by 4.8%.

Portfolio Pulse from Nabaparna Bhattacharya

October 11, 2023 | 7:38 pm

10 industrial stocks experienced significant movement in Friday's after-market session. Molekule Group, C3is, JanOne, Astra Space, Nxu, and iSun saw their stocks rise, while Singularity Future Tech, Innodata, Fluence Energy, and Planet Labs experienced a decline.

Portfolio Pulse from Benzinga Insights

October 06, 2023 | 9:31 pm

Planet Labs (NYSE:PL) has announced that NASA has extended its Blanket Purchase Agreement under the Commercial SmallSat Data Acquisition (CSDA) Program. The extension includes multiple orders totaling $18.5 million in funding, available through 2024. The partnership allows federally funded researchers and federal civilian agency personnel to access Planet's 50 petabyte collection of PlanetScope imagery for scientific and Earth science applications.

Portfolio Pulse from Akanksha Bakshi

September 29, 2023 | 3:29 pm

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