- Planet Labs achieved a significant milestone with positive free cash flow and adjusted EBITDA profitability in Q1 2026.
- Analysts project a 43.08% upside potential for the stock, with a target price of $5.71.
- Despite strong growth trends, GuruFocus estimates a slight downside based on historical valuation metrics.
Planet Labs (PL, Financial) has announced an impressive 10% increase in revenue for the first quarter of 2026, accumulating to a total of $66.3 million. This quarter marks a pivotal achievement as the company reports its first positive free cash flow of $8 million, alongside maintaining adjusted EBITDA profitability. The company has experienced notable expansion within the defense and intelligence sectors, highlighted by substantial contract growth.
Wall Street Analysts Forecast
The insights from 11 analysts present a compelling narrative for Planet Labs PBC (PL, Financial), with an average one-year price target set at $5.71. Analysts predict a high estimate of $8.00 and a low estimate of $3.50, suggesting an expected upside of 43.08% from the current market price of $3.99. Investors can explore more detailed projections on the Planet Labs PBC (PL) Forecast page.
The brokerage consensus underscores a favorable outlook for Planet Labs, awarding it an average recommendation score of 2.0, which translates to an "Outperform" status. On the rating scale from 1 to 5, this suggests analysts are optimistic about its future, with 1 indicating a Strong Buy and 5 a Sell.
However, taking into account GuruFocus's valuation perspective, the estimated GF Value for Planet Labs PBC (PL, Financial) over the next year is calculated at $3.33. This suggests a potential downside of 16.54% from its current price of $3.99. The GF Value, a GuruFocus proprietary metric, considers historical trading multiples, past growth, and future performance estimates to assess what the stock should be valued at. Comprehensive data is accessible on the Planet Labs PBC (PL) Summary page.
