Added to YB: 2026-10-14
Pitch date: 2026-10-11
PL [bullish]
Planet Labs PBC
-14.47%
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
$17.00
Price Target
55.00 (+278%)
Dividend
N/A
EV/EBITDA
-152.43
P/E
-15.90
EV/Sales
15.55
Sector
Professional Services
Category
growth
Planet Labs (PL) Deep Dive
PL: Planet Labs’ daily landmass scan, irreplicable archive and customer-funded sovereign-satellite model underpin a national-security growth engine: Q2 FY27 revenue rose 58%, the pipeline is $4B and 98% of annual contract value is recurring. At $17.14 and ~14x FY27 revenue after a 66% drawdown, the base-case target is $24-$30. Given lumpy deals and backlog’s fall to $815M, this is a starter position; add only if backlog rebounds and sovereign deals land, with customer concentration and ATM dilution as key risks.
Read full article (23 min)