Planet Labs Stock Hits Record High After Strong Q3

Group 1 - Planet Labs PBC's stock increased by 32.6%, trading at $17.16 after reporting breakeven earnings per share on revenue of $81.3 million, exceeding estimates of a 2 cents per share loss and $72 million in revenue [1] - The company raised its revenue guidance for 2026, indicating positive future expectations [1] - Wedbush reiterated its "outperform" rating and raised its price target to $20 from $17, citing strong demand for AI-enabled applications [2] Group 2 - Deutsche Bank also increased its price target for Planet Labs to $17 from $16, reflecting confidence in the company's performance [2] - The stock has risen 31% in 2025 and has broken above recent pressure at the 50-day moving average [2] - Options trading activity surged, with 44,000 calls and 12,000 puts exchanged, significantly above the average daily options volume [3]