Why Planet Labs Stock Soared 24.5% This Week

Key Points Planet Labs just signed a large contract with Sweden. Its price target was upgraded by Wedbush. The stock is soaring but now trades at a premium. 10 stocks we like better than Planet Labs PBC › Shares of Planet Labs (NYSE: PL) jumped 24.5% this week -- as of this writing before the market open on Friday, Jan. 16 -- according to data from S&P Global Market Intelligence. Planet Labs operates a satellite constellation that sells imaging services to governments and commercial enterprises, ...