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Planet Labs (NYSE:PL) Sees Price Target Increase by Wedbush Following Major Government Deal
Financial Modeling Prep· 2026-01-13 20:06
Core Insights - Planet Labs specializes in satellite imagery and data solutions, serving various sectors including government and military, and is gaining attention for its innovative use of space-based data [1] Group 1: Recent Developments - On January 13, 2026, Wedbush set a new price target of $28 for Planet Labs, indicating a potential 7.62% increase from its trading price of $26.02 at that time [2] - Planet Labs secured a substantial multi-year agreement with the Swedish Armed Forces, a nine-figure deal aimed at enhancing Sweden's military and security operations, which contributed to a nearly 12% increase in its share price [3][6] - The stock price reached approximately $25 following the announcement of the agreement, reflecting strong investor confidence in the company's expanding customer base [3][6] Group 2: Analyst Outlook - Wedbush analysts raised their price target for Planet Labs from $20 to $28, maintaining an 'Outperform' rating, citing increasing demand from government customers and the expanding use of artificial intelligence as key drivers [4] - The stock is currently priced at $25.95, with a market capitalization of approximately $7.85 billion, indicating active investor interest [4][5] Group 3: Market Performance - Planet Labs' stock has shown significant volatility, with a 52-week high of $26.55 and a low of $2.79, and a trading volume of 4,980,276 shares [5]
Why Planet Labs Stock Popped Today
Yahoo Finance· 2026-01-12 16:49
Key Points Planet Labs just signed a 9-figure deal with Sweden. Planet will sell satellite data -- and satellites -- to the Swedish military. 10 stocks we like better than Planet Labs PBC › Planet Labs (NYSE: PL) stock announced this morning it has signed a "9-figure deal with Sweden." The stock jumped 6.2% through 11:15 a.m. ET Monday in response. Image source: Getty Images. Planet Labs is looking up For the third time in a year, Planet Labs has signed a "major satellite services contract" with ...
Planet Signs 9-Figure Deal with Sweden
Businesswire· 2026-01-12 14:15
SAN FRANCISCO--(BUSINESS WIRE)--Planet Labs PBC, a leading provider of daily data and insights about change on Earth, today announced a multi-year low 9-figure agreement with the Swedish Armed Forces to rapidly deliver a suite of satellites, space-based data and awareness solutions to support the country's peace and security operations. This agreement marks Planet's third Satellite Services contract in twelve months, signaling robust demand for Planet's innovative, rapidly deployed space-based. ...
Iridium Named “M2M Satellite Service Provider of the Year” in 10th Annual IoT Breakthrough Awards Program
Globenewswire· 2026-01-07 21:27
LOS ANGELES, Calif., Jan. 07, 2026 (GLOBE NEWSWIRE) -- IoT Breakthrough, a leading market intelligence organization that recognizes the most innovative companies in the global Internet-of-Things (IoT) market, today announced that Iridium Communications Inc., a leading provider of global voice, data and PNT satellite services, has been named “M2M Satellite Service Provider of the Year” in the 10th annual IoT Breakthrough Awards program. The 2026 IoT Breakthrough Award underscores Iridium’s broader leadership ...
Is Planet Labs Stock a Buy or Sell After Its Co-Founder Sold Shares Worth $1.4 Million?
The Motley Fool· 2026-01-04 03:37
Core Insights - Planet Labs PBC, a leading geospatial data provider, reported a significant insider sale by Co-Founder and Chief Strategy Officer Robert H. Schingler, who sold 73,782 shares for approximately $1.43 million on December 26, 2025 [1][2][9] Company Overview - As of December 26, 2025, Planet Labs' stock price was $19.35, with a market capitalization of $6.17 billion and a trailing twelve months (TTM) revenue of $282.46 million [4] - The company's stock experienced a remarkable 414.11% increase over the past year [4] Transaction Details - The insider sale represented about 6.0% of Mr. Schingler's direct holdings, reducing his direct stake to 834,558 shares [6] - Post-transaction, Mr. Schingler's direct holdings were valued at approximately $16.2 million, while his indirect holdings through Ulysses Trust 02021.1 amounted to 330,171 shares [6] Financial Performance - Planet Labs reported a record revenue of $81.3 million for its fiscal third quarter ended October 31, marking a 33% year-over-year increase [10] - The company improved its fiscal Q3 loss from operations to $18.3 million, down from a loss of $22.6 million in the previous year [10] Market Position - Planet Labs operates one of the largest commercial fleets of Earth observation satellites, providing high-frequency geospatial data and imagery products [8] - The company's competitive advantage lies in its high revisit rates and proprietary data processing technology, positioning it as a key player in the geospatial intelligence market [8]
AST SpaceMobile's Lofty Valuation: Should Investors Stay Cautious?
ZACKS· 2025-12-30 18:11
Core Insights - AST SpaceMobile (ASTS) has launched Bluebird 6, its most advanced satellite, which is the largest commercial communication array deployed in low earth orbit, offering 10 times the capacity of previous models [1][8] - The satellite provides direct-to-smartphone connectivity with peak data rates of 120 Mbps, enhancing voice, data, and video services for unmodified 4G and 5G smartphones [2] - ASTS is currently trading at a forward price-to-sales ratio of 100.64, significantly higher than the industry average, indicating a premium valuation that may warrant caution among investors [3] Market Potential - The space-based network market is projected to grow from $10.41 billion in 2025 to $62.08 billion by 2034, with a compound annual growth rate of 22.07% [5] - ASTS has established partnerships with over 50 mobile network operators, covering 3 billion subscribers, which positions the company for sustainable growth [5][6] Competitive Landscape - ASTS faces intense competition from established players like SpaceX's Starlink and Globalstar, which are also developing LEO satellite communication technologies [7] - Globalstar is advancing its C-3 Mobile Satellite System and currently trades at a forward price-to-sales ratio of 11.79, while Viasat is investing in its ViaSat-3 platform, trading at a forward price-to-sales ratio of 0.44 [7][9] Stock Performance - Over the past year, ASTS shares have increased by 244.8%, outperforming the industry growth of 24.3% [10] - Earnings estimates for 2025 and 2026 have seen a decline over the past 60 days, indicating potential challenges ahead [12]
KB Home downgraded, Costco upgraded: Wall Street's top analyst calls
Yahoo Finance· 2025-12-24 14:36
William Blair downgraded Dynavax (DVAX) to Market Perform from Outperform after Sanofi (SNY) announced it will acquire the company for $15.50 per share. The firm, which believes the acquisition "makes sense" given growing regulatory concerns around vaccines and investor questions on management's strategy for value creation, calls Sanofi a "logical acquisition partner." Alliance Global downgraded Spire Global (SPIR) to Neutral from Buy with a price target of $9, down from $17, until there is more evidence o ...
Spartacus Acquisition(TMTSU) - Prospectus
2025-12-23 21:48
As filed with U.S. Securities and Exchange Commission on December 23, 2025 Registration No. 333-[ ] UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ––––––––––––––––––––––––––––––––––––––– FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 ––––––––––––––––––––––––––––––––––––––– Spartacus Acquisition Corp. II (Exact name of registrant as specified in its charter) ––––––––––––––––––––––––––––––––––––––– Cayman Islands 6770 (State or other jurisdiction of incorporation or ...
Spire (SPIR) - 2025 Q3 - Earnings Call Presentation
2025-12-17 13:30
Business Performance and Outlook - Spire Global's remaining performance obligation exceeded $200 million as of September 30, 2025 [5] - The company anticipates over 30% revenue growth in 2026, excluding the divested maritime business, driven by secured contracts [16, 21] - Q4 2025 revenue is projected to grow sequentially by approximately $3 million at the midpoint of guidance [15] - Full year 2025 revenue guidance is between $70.5 million and $72.5 million [21] Contracts and Expansion - Spire Global secured a $2.5 million NOAA contract for satellite weather data [6] - EUMETSAT renewed a €3 million contract with Spire Global for satellite weather data [6] - Spire Global was awarded an $11.2 million NOAA contract for satellite weather data [6] - The company was selected as an awardee on the Missile Defense Agency's SHIELD IDIQ, with a shared ceiling of $151 billion [12] Investments and Technology - NATO member states are increasing defense and security investment to 5% of GDP by 2035 [12] - Germany plans to invest €35 billion through 2030 to strengthen space-based capabilities [12] - The European Space Agency has agreed to raise space spending to over €22 billion over the next three years [12]
Echostar (SATS) Hits New All-Time High as Analyst Hikes PT, Rating
Yahoo Finance· 2025-12-11 15:20
Core Viewpoint - EchoStar Corporation (NASDAQ:SATS) has achieved significant stock performance, hitting an all-time high due to an upgrade in rating and price target by Morgan Stanley [1][2]. Stock Performance - EchoStar's stock reached a peak price of $105.31 during intra-day trading, ultimately closing at $103.98, reflecting an increase of 11.16% [2]. - The stock's price target was raised from $82 to $110, indicating a potential upside of 4.45% from its latest closing price [2]. Analyst Insights - Analysts believe that EchoStar will benefit from heightened competition among US wireless carriers, particularly with Verizon and T-Mobile pursuing EchoStar's AWS-3 spectrum holdings [3]. Business Developments - EchoStar's subsidiary, Hughes, has been selected as the managed network services provider for the Commonwealth of Pennsylvania, allowing it to offer a range of solutions including managed broadband and Software-Defined Wide Area Network [4].