These Analysts Boost Their Forecasts On Planet Labs After Q3 Results

Core Insights - Planet Labs PBC reported third-quarter revenue of $81.25 million, exceeding analyst expectations of $71.99 million, and raised its FY26 sales guidance above estimates [1][3] - The company achieved breakeven adjusted earnings per share, with a GAAP loss of 19 cents per share [1] - CEO Will Marshall highlighted strong momentum in business, accelerated revenue growth, and progress on profitability goals, particularly in AI-enabled global monitoring solutions [2] Financial Performance - Fourth-quarter revenue is expected to be between $76 million and $80 million, surpassing estimates of $73.88 million [3] - Full-year revenue guidance was raised from $281 million to $289 million to a new range of $297 million to $301 million, compared to estimates of $284.11 million [3] - Following the earnings announcement, Planet Labs shares rose 37% to trade at $17.74 [3] Analyst Ratings - Needham analyst Ryan Koontz maintained a Buy rating and raised the price target from $16 to $22 [4] - Wedbush analyst Dan Ives maintained an Outperform rating and increased the price target from $17 to $20 [4] - Clear Street analyst Gregory Pendy maintained a Buy rating and raised the price target from $14 to $16 [4]