Planet Labs jumps on forecast raise, data-center monitoring push

Planet Labs PBC

04/09/2026 12:35

**  Shares of satellite imagery firm Planet Labs PL.N rise 12.5% to $20.7 premarket
** Co raises FY27 revenue forecast to $430 mln - $441 mln, from its previous range of $425 mln - $441 mln
** Co eyes data-center monitoring expansion- Bloomberg News reports
** Results driven by rising demand for satellite services and growing contract opportunities - CEO Will Marshal 
** PL reports Q2 revenue of $116.1 mln, above analysts' estimates of $104.1 mln, according to LSEG-compiled data
** Nine of 12 brokerages rate the stock "buy" or higher and three "hold"; median PT is $40
** As of last close, stock down 7% YTD

 (Reporting by Anand Gopal in Bengaluru)
 ((AnandGopal.R@thomsonreuters.com))