Planet Labs gains after upbeat annual revenue forecast

Planet Labs PBC

05/06/2025 11:38

** Shares of satellite imagery company Planet Labs PL.N jump 24.1% to $4.95 premarket

** Company forecasts annual revenue in the range of $265 mln-$280 mln, with its mid-point above analysts' estimate of $270.6 mln - data compiled by LSEG

** Q1 revenue of $66.27 mln also above estimate of $62.3 mln

** Average rating of 11 analysts is a "buy"; median PT at $5 - data compiled by LSEG

** Stock down slightly YTD, till last close

(Reporting by Purvi Agarwal in Bengaluru)

((Purvi.Agarwal@thomsonreuters.com;))