Added to YB: 2026-10-08
Pitch date: 2026-10-03
PL [neutral]
Planet Labs PBC
-17.57%
current return
Author Info
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Company Info
Planet Labs PBC engages in the design, construction, and launch of constellations of satellites with the intent of providing high-cadence geospatial data delivered to customers through an online platform in the United States and internationally.
Market Cap
$6.3B
Pitch Price
$17.64
Price Target
11.13 (-23%)
Dividend
N/A
EV/EBITDA
-152.43
P/E
-15.90
EV/Sales
15.55
Sector
Professional Services
Category
N/A
$PL: The Quarter That Borrowed From Next Year
PL (monitor): Planet Labs’ record $116.1 million quarter masked weak replenishment: an estimated $25 million of net new contract value implied just 0.2x book-to-bill, while $14.1 million of hardware revenue shifted forward from Q3. FY28 consensus of $570.6 million sits well above the model’s $497 million median; at roughly $17.6, versus an $11.13 base-case value, the December backlog print warrants waiting.
Read full article (17 min)