Cantor Fitzgerald Predicts Planet Labs PBC FY2026 Earnings

Planet Labs PBC (NYSE:PL) – Stock analysts at Cantor Fitzgerald issued their FY2026 EPS estimates for shares of Planet Labs PBC in a research note issued to investors on Monday, June 9th. Cantor Fitzgerald analyst C. Canfield anticipates that the company will earn ($0.32) per share for the year. Cantor Fitzgerald currently has a “Overweight” rating and a $6.30 target price on the stock. The consensus estimate for Planet Labs PBC’s current full-year earnings is ($0.37) per share.

A number of other research analysts also recently issued reports on the stock. Wedbush boosted their target price on shares of Planet Labs PBC from $5.00 to $7.00 and gave the company an “outperform” rating in a research report on Thursday, June 5th. The Goldman Sachs Group restated a “neutral” rating and set a $3.50 price objective (down previously from $6.00) on shares of Planet Labs PBC in a report on Friday, April 11th. Needham & Company LLC restated a “buy” rating and set a $8.00 price objective on shares of Planet Labs PBC in a report on Thursday, June 5th. Citigroup upped their price objective on shares of Planet Labs PBC from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Friday, June 6th. Finally, Wall Street Zen upgraded shares of Planet Labs PBC from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Planet Labs PBC presently has an average rating of “Moderate Buy” and a consensus target price of $6.38.

Planet Labs PBC Stock Down 2.7%

Planet Labs PBC stock opened at $5.44 on Tuesday. Planet Labs PBC has a 12-month low of $1.73 and a 12-month high of $6.71. The firm’s fifty day moving average is $3.75 and its 200 day moving average is $4.20. The company has a market capitalization of $1.64 billion, a PE ratio of -13.27 and a beta of 1.61.

Planet Labs PBC (NYSE:PL) last released its earnings results on Wednesday, June 4th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Planet Labs PBC had a negative net margin of 48.88% and a negative return on equity of 24.16%. The company had revenue of $66.27 million for the quarter, compared to the consensus estimate of $62.25 million.

Institutional Trading of Planet Labs PBC

Several institutional investors have recently made changes to their positions in the company. Rhumbline Advisers grew its stake in shares of Planet Labs PBC by 2.3% in the 1st quarter. Rhumbline Advisers now owns 293,950 shares of the company’s stock worth $994,000 after acquiring an additional 6,692 shares in the last quarter. Strs Ohio bought a new position in Planet Labs PBC during the first quarter valued at about $323,000. Iron Gate Global Advisors LLC bought a new position in Planet Labs PBC during the first quarter valued at about $36,000. Integrity Alliance LLC. bought a new position in Planet Labs PBC during the first quarter valued at about $48,000. Finally, Arete Wealth Advisors LLC grew its position in Planet Labs PBC by 21.0% during the first quarter. Arete Wealth Advisors LLC now owns 153,479 shares of the company’s stock valued at $519,000 after buying an additional 26,625 shares during the period. Institutional investors own 41.71% of the company’s stock.

Planet Labs PBC Company Profile

Planet Labs PBC engages in the design, construction, and launch constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company’s platform offers planet monitoring, basemap, tasking, apps, and application programming interfaces, as well as analytics and planetary variables.