Planet Labs Skyrockets 402% in a Year: How to Play the Stock

Key Takeaways PL stock has jumped 402.4% in a year, outpacing its sector, industry and the S&P 500 composite.Strong subscription growth, a $734.5M backlog and government demand support revenue visibility.Despite gains, PL remains unprofitable with high costs and a price-to-sales ratio far above industry norms.Shares of Planet Labs (PL) have gained 402.4% in a year, outperforming the industry, its sector as well as the Zacks S&P 500 composite. Planet Labs is a leading provider of Earth-imaging data and geosp ...