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Planet Labs PBC stock reached a significant milestone, hitting a 52-week high of $10.12. According to InvestingPro data, technical indicators suggest the stock is in overbought territory, with the company maintaining impressive gross profit margins of nearly 59%. This marks a notable achievement for the company, reflecting strong market confidence and positive investor sentiment. Over the past year, Planet Labs has experienced a remarkable 390.73% increase in its stock price, underscoring its robust growth trajectory and potential in the market. The surge in stock value over the last year highlights the company’s successful strategies and promising future prospects, as it continues to capture the attention of investors and analysts alike. Based on InvestingPro’s Fair Value analysis, the stock appears to be trading above its intrinsic value. Discover 16 additional exclusive ProTips and comprehensive analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Planet Labs reported impressive fiscal Q2 2026 results, showing a 20% year-over-year revenue growth, the highest quarter-over-quarter growth in three years. The company’s guidance for fiscal Q3 and the second half of the year exceeded consensus expectations. Additionally, Planet Labs has priced a $400 million offering of 0.50% Convertible Senior Notes due in 2030, with the offering size increased from a previously announced $300 million. The transaction is expected to settle on September 12, 2025. In terms of analyst actions, Needham raised its price target on Planet Labs to $12.00 from $8.00 while maintaining a Buy rating, citing the company’s strong fiscal performance. Craig-Hallum also raised its price target to $11.00 from $7.00, highlighting Planet Labs’ expanded capabilities in various sectors, including Military and Agriculture. JMP Securities reiterated its Market Outperform rating with an $11.00 price target following investor meetings. In other developments, Planet Labs released the first images from its Pelican-3 satellite, launched on SpaceX’s Falcon 9 NAOS mission. The image quality is expected to improve as the satellite completes its calibration and reaches its final operational orbit.
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