Planet Labs stock falls as higher yields pressure space names despite European Space Agency win
Planet Labs PBC PL shares fell 2.26% in early trading on Thursday, with the stock continuing its multi-session decline. The ...
Model output · Signal date 2026-10-16
Planet Labs Pbc (PL) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
▲ Bullish
Exact rating locked
90-day forecast
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30-day forecast
Alpha
Rank in coverage
Top 35%
of 5172 stocks scored
Rank correlation · 90D
34.0%
Spearman, 357 dates
Market Cap
$4.93B
mid-cap · #6 of 21 peers
Summary
Planet Labs Pbc (PL) stock forecast summary
Our AI ranks Planet Labs Pbc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Planet Labs Pbc is a mid-cap company with a market capitalization of $4.93B. It ranks number 6 by market capitalization among the 21 Radio & Tv Broadcasting & Communications Equipment issuers in our coverage with a current forecast.
For PL, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 34.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 24.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +1.8%, buy ≥ +0.2%, sell < -0.9%, strong sell < -1.2% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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PL price chart and AI forecast
Cross-section · 2026-10-16
How PL ranks among 5172 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-07-31
Planet Labs Pbc (PL) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Radio & Tv Broadcasting & Communications Equipment peers listed below that report each metric.
Valuation & Market
| Metric | PL | Rank |
|---|---|---|
| Market Cap | $4.93B | 6/21 |
| P/B Ratio | 8.74x | 3/16 |
| EPS | $-0.76 | – |
| Book Value/Share | $1.55 | – |
| Revenue/Share | $1.04 | – |
| FCF/Share | $0.07 | – |
Profitability & Margins
| Metric | PL | Rank |
|---|---|---|
| ROE | -63.8% | 13/15 |
| ROA | -25.1% | 14/15 |
| ROIC | -9.5% | 13/19 |
| Gross Margin | 55.4% | 2/15 |
| Operating Margin | -27.2% | 11/17 |
| Net Margin | -95.1% | 13/14 |
| EBT Margin | -93.8% | 16/17 |
| Tax Rate | -1.4% | – |
Financial Health
| Metric | PL | Rank |
|---|---|---|
| Current Ratio | 2.84x | 9/21 |
| Quick Ratio | 2.82x | 7/20 |
| D/E Ratio | 1.54x | 4/18 |
| Financial Leverage | 2.54x | 5/19 |
| Interest Coverage | -13.8x | 11/16 |
| Working Capital | $648M | 6/20 |
Cash Flow
| Metric | PL | Rank |
|---|---|---|
| Operating Cash Flow | $118M | 6/20 |
| Free Cash Flow | $25M | 6/14 |
| Capital Spending | -$93M | 11/14 |
| OCF Growth YoY | 41.9% | 5/11 |
| FCF Growth YoY | -30.0% | 6/7 |
| FCF/Sales | 6.5% | 8/15 |
| CapEx/Sales | 24.6% | 3/15 |
Operational Efficiency
| Metric | PL | Rank |
|---|---|---|
| Asset Turnover | 0.26x | 9/16 |
| Receivables Turnover | 6.3x | 3/14 |
| Inventory Turnover | 19.1x | 5/19 |
| Fixed Assets Turnover | 2.1x | 13/17 |
| Days Sales Outstanding | 58 days | 12/14 |
| Days Inventory | 19 days | 13/19 |
| Payables Period | 22 days | 15/19 |
| Cash Conversion Cycle | 55 days | 8/12 |
Income Statement
| Metric | PL | Rank |
|---|---|---|
| Total Revenue | $378M | 5/16 |
| Operating Income | -$103M | 18/19 |
| Net Income | -$360M | 14/14 |
| R&D Expense | $128M | 6/19 |
| SG&A Expense | $313M | 6/20 |
| Cost of Goods Sold | $169M | 10/19 |
Dividend & Shareholder Information
| Metric | PL | Rank |
|---|---|---|
| Shares Outstanding | 364M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $999M | 69.8% of assets |
| Cash & Short-term Investments | $415M | 29.0% of assets |
| Accounts Receivable | $60M | 4.2% of assets |
| Inventory | $9M | 0.6% of assets |
| Total Liabilities | $867M | 60.6% of assets |
| Short-term Debt | $341M | 23.8% of assets |
Quarterly Financial Reports
PL quarterly financials and insider trading
Industry Peers · Radio & Tv Broadcasting & Communications Equipment
Planet Labs Pbc (PL) industry peers
Companies classified under the same SEC industry code as Planet Labs Pbc (Radio & Tv Broadcasting & Communications Equipment): 21 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| PL Planet Labs Pbc | ▲ | $4.93B |
| QCOM Qualcomm Inc/De | ▶ | $180.72B |
| MSI Motorola Solutions, Inc. | ▼ | $76.65B |
| NOK Nokia Corp | ▶ | $52.48B |
| UI Ubiquiti Inc. | ▼ | $36.37B |
| ERIC Ericsson Lm Telephone Co | ▼ | $35.57B |
| ONDS Ondas Inc. | ▼ | $3.45B |
| VISN Vistance Networks, Inc. | ▶ | $1.34B |
| HLIT Harmonic Inc. | ▶ | $1.17B |
| UMAC Unusual Machines, Inc. | ▼ | $815M |
| BKSY Blacksky Technology Inc. | ▲ | $709M |
| SATL Satellogic Inc. | ▲ | $590M |
| GILT Gilat Satellite Networks Ltd | ▶ | $578M |
| BKTI Bk Technologies Corp | ▼ | $245M |
| CRNT Ceragon Networks Ltd | ▲ | $180M |
| VUZI Vuzix Corp | ▲ | $180M |
| AIRG Airgain Inc | ▲ | $53M |
| WATT Energous Corp | ▶ | $47M |
| CMTL Comtech Telecommunications Corp /De/ | ▲ | $42M |
| PRKR Parkervision Inc | ▶ | $13M |
| KUST Kustom Entertainment, Inc. | ▼ | $3M |
Where PL sits on the market map
Manufacturing · Radio & Tv Broadcasting & Communications Equipment
News
Planet Labs Pbc (PL) stock news
Planet Labs Insider Sold Shares Worth $565,560, According to a Recent SEC Filing
Planet Labs PBC is a provider of global, daily satellite imagery and geospatial solutions. It designs, builds, and operates the earth observation fleet of imaging satellites. It p ...
Planet Labs (PL) Stock Looks Expensive Even After a Very Large Run
Planet Labs PBC has been through a huge share price journey over the past few years, and the swings leave a straightforward ...
FAQ
Planet Labs Pbc (PL) stock forecast FAQ
What is the Planet Labs Pbc (PL) stock forecast?
Our AI ranks Planet Labs Pbc outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Planet Labs Pbc stock predictions?
For PL, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 34.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 24.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Planet Labs Pbc forecasts updated?
Planet Labs Pbc forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Planet Labs Pbc's industry peers?
21 issuers in our coverage, PL included, share the SEC industry code Radio & Tv Broadcasting & Communications Equipment. The largest are: Qualcomm Inc/De (QCOM), Motorola Solutions, Inc. (MSI), Nokia Corp (NOK), Ubiquiti Inc. (UI), Ericsson Lm Telephone Co (ERIC), Ondas Inc. (ONDS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.