Planet Labs (PL) Soars 43% on Upbeat Outlook, PT Hike

Core Insights - Planet Labs PBC (NYSE:PL) experienced a significant stock surge of 42.8% week-on-week, reaching an all-time high due to a positive business outlook and an increased price target from an investment firm [1][4]. Financial Performance - For the fiscal year 2025, Planet Labs revised its revenue forecast to between $297 million and $301 million, up from the previous estimate of $281 million to $289 million, following strong third-quarter results [2]. - In the third quarter, revenues increased by 32.4% to $81.2 million, compared to $61.3 million in the same period last year, surpassing earlier guidance of $71 million to $74 million [2][3]. - Despite the revenue growth, the net loss nearly tripled to $59 million from $20 million in the same comparable period [4]. Profitability Outlook - Planet Labs anticipates achieving a positive adjusted EBITDA of $6 million to $8 million for the full fiscal year, a significant improvement from the earlier guidance of an adjusted EBITDA loss of up to $7 million [4]. Analyst Ratings - Morgan Stanley upgraded Planet Labs' price target to $20, representing a 344% increase from the previous target of $4.50, while maintaining an "equal weight" rating for the stock [5].