
Planet Labs (PL) Stock Forecast & Price Target
Planet Labs (PL) Analyst Ratings
Bulls say
Planet Labs PBC is strategically positioned to capitalize on the decreasing launch costs and increasing satellite capabilities, coinciding with rising defense budgets among US allies. The company's backlog has surged to approximately $735 million, reflecting a significant year-over-year growth of around 250%, with 35% of this backlog anticipated to contribute to revenue within the next 12 months, indicating a robust pipeline for stable revenue growth. Furthermore, with an expected ramp-up in capital expenditures to support fleet expansion, Planet Labs aims to achieve sustained topline growth of over 20% in fiscal year 2027 and beyond, supported by demand in both government and commercial sectors.
Bears say
Planet Labs PBC is grappling with extended sales cycles and slowing customer growth due to hesitance surrounding the value of geospatial data, particularly in emerging verticals. This situation is compounded by the expectation that hardware gross margins will be significantly lower than those of data subscriptions, potentially impacting overall profitability as new hardware sales attempt to drive subscription capacity. Additionally, concerns regarding the pace of product development and the company's historical weaknesses in generating growth from larger commercial sector opportunities contribute to a negative outlook for its stock performance.
This aggregate rating is based on analysts' research of Planet Labs and is not a guaranteed prediction by Public.com or investment advice.
Planet Labs (PL) Analyst Forecast & Price Prediction
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