Planet Labs jumps after FY26 revenue forecast raise, Q3 beat

Planet Labs PBC

11/12/2025 09:47

** Shares of satellite imagery firm Planet Labs PL.N rise 17.5% to $15.2 premarket

** Co raises FY26 revenue outlook to between $297 mln-$301 mln from $281 mln-$289 mln

** Q3 revenue of $81.4 mln beats analysts' estimates of 71.7 mln, according to data compiled by LSEG

** Results driven by strong demand for AI-enabled global monitoring solutions, including contracts with NGA and NATO, says CEO Will Marshall

** Seven brokerages rate the stock "buy" or higher, three "hold"; their median PT is $16- LSEG data

** As of last close, the stock had more than tripled in value in 2025, outperforming the NYSE Composite index's .NYA 14.9% rise

 (Reporting by Avinash P in Bengaluru)

 ((Avinash.P@thomsonreuters.com))