Planet Labs PBC research snapshot
PL AI stock analysis as of the August 3, 2026 data cutoff reads Planet Labs PBC as a fundamentally improving Earth observation company that is trading in a broken technical trend. The stock closed at $20.48 on July 31, 2026, with an after-hours print of $20.26 and a market capitalization near $7.30 billion, re-verified during this full refresh as $20.48 times 356.40 million shares outstanding with 0.01% deviation. The stock fell about 60% from a 52-week high of $51.76 set on May 28, 2026, as the SpaceX IPO triggered a broad de-rating of space stocks and a post-earnings sell-off erased a record Q1 report. Planet still reported record fiscal Q1 2027 revenue of about $94 million, up 42% year over year, a third consecutive quarter of Rule of 40, end-of-period backlog of about $906 million up 72%, RPO of about $816 million up 80%, 99% recurring ACV, and about $731 million of cash, cash equivalents, and short-term investments after warrant exercises and convertible debt issuance. Management raised full-year fiscal 2027 revenue guidance to $425 million to $441 million with non-GAAP gross margin of 52% to 54% and adjusted EBITDA of breakeven to $10 million. The stock now sits below all major moving averages, with 14-day RSI near 32.5, ADX near 38 with negative directional pressure, and elevated volatility. At $20.48 the stock trades at about 21.75x trailing sales, 15.61x forward sales, and near 157x free cash flow, with no meaningful P/E because GAAP and adjusted earnings remain negative. This page is an information tool for research and risk control, not investment advice.
Current price
$20.48 at the July 31, 2026 close
Market cap
$7.30 billion, verified as $20.48 x 356.40 million shares with 0.01% deviation from the reported figure
AI score
61 / 100
Rating
High-growth Earth observation platform with record backlog and improving cash generation, but a broken short-term trend after the space sector de-rating and heavy dilution
Trend status
Downtrend below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages after a roughly 60% pullback from the late May high
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Planet operates a global Earth observation platform with a large satellite constellation, a daily imagery archive, AI-enabled analytics, and satellite services. Q1 FY2027 revenue was a record about $94 million, up 42% year over year, with a third consecutive quarter of Rule of 40. | High |
| Moat | The moat combines a daily land-imaging capability, a deep archive, customer workflow integration, and sovereign satellite delivery speed, such as the first Swedish Armed Forces Pelican launched four months after contract signing. It is real but must be maintained through ongoing constellation investment. | Medium-high |
| Management | Co-founder and CEO Will Marshall and President and CFO Ashley Johnson delivered record Q1 revenue, raised fiscal 2027 guidance, and executed launches and government wins. The key test is whether growth produces per-share value without repeated dilution, since shares rose 8.87% in the quarter. | Medium |
| Financial trend | TTM revenue is $335.61 million, up 34.15%, fiscal 2026 revenue rose 25.94% to $307.73 million, Q1 FY2027 revenue rose 42% to about $94 million, backlog hit about $906 million up 72%, and TTM operating cash flow is $132.46 million with free cash flow of $46.55 million, while the GAAP net loss of -$373.10 million includes a warrant revaluation loss. | High |
| Valuation | At $20.48, the stock trades at about 21.75x trailing sales, 15.61x forward sales, 16.45x book value, and 156.80x free cash flow, with EV to sales near 21x and no meaningful P/E while GAAP earnings remain negative. | High |
| Technical trend | PL closed at $20.48 on July 31, 2026, below its 5-day average near $20.32, its 20-day near $23.69, its 50-day near $31.16, its 100-day near $32.87, and its 200-day near $25.85, with 14-day RSI near 32.48 and ADX near 38 confirming a downtrend. | High |
| Risk level | Risk is high because Planet remains GAAP loss-making, depends on launches and satellite availability, has a share count that rose 8.87% in the quarter, faces a space sector that de-rated after the SpaceX IPO, and trades at a premium revenue multiple with short interest near 9.1% of shares outstanding. | High |
| AI confidence | The research has strong support for current operating metrics, guidance, and balance sheet figures, but long-term returns depend on contract conversion, gross margin, capex discipline, dilution, and whether geospatial data becomes a consistently profitable platform. | Medium-high |
| Investment certainty | Investment certainty is medium-low. The business is understandable and improving, but the market price still assumes substantial future growth before durable GAAP profitability is demonstrated, and the technical trend is currently unfavorable. | Medium |
PL AI stock forecast
The PL AI stock forecast is expressed as a revenue and enterprise-value sensitivity range because Planet has negative GAAP and adjusted EPS, so a P/E model is not economically meaningful. The financial_rigor.py three-scenario command was run with negative EPS as required, and its negative price outputs confirm that the P/E method cannot be used for this company yet. A three-year range based on fiscal 2027 consensus revenue near $436 million, later growth, net cash near $243 million, and different EV to revenue assumptions gives a wide reference band that starts near the current price. These ranges are scenario outputs, not price targets or promises.
$30 to $42
More likely if space sector sentiment recovers, fiscal 2027 revenue reaches or exceeds the high end of guidance, defense and intelligence growth sustains near 50% or more, commercial accelerates, backlog and RPO convert on schedule, Pelican Gen 1 and Gen 2 scale with acceptable capex, and dilution moderates.
$19 to $27
More likely if Planet delivers the current growth plan, holds recurring ACV near 99%, converts backlog steadily, keeps adjusted EBITDA near breakeven, and the market holds a lower EV to sales multiple than the peak of the cycle as the sector stabilizes.
$10 to $17
More likely if the space sector de-rating deepens, launch or satellite availability problems delay revenue, government awards become lumpy, commercial demand slows, capex and stock compensation remain high, dilution continues, or the market compresses the multiple toward lower-growth aerospace peers.
PL AI technical analysis
PL AI technical analysis is bearish as of the August 3, 2026 data cutoff. The stock closed at $20.48 on July 31, 2026, below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, with 14-day RSI near 32.48 and ADX near 38 with negative directional pressure confirming a downtrend. The stock fell about 60% from a 52-week high of $51.76 on May 28, 2026, and set a recent closing low near $19.16 on July 28. Because this is a static page without request-time chart data, confirm every level with a live chart before use.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $20.48 | StockAnalysis closing quote on July 31, 2026, with an after-hours print of $20.26. The session range was $19.79 to $21.27 on volume of about 5.76 million shares. |
| 5-day moving average | $20.32 | Barchart reported the 5-day moving average near $20.32 on July 31, 2026, essentially at the closing price, so the stock has no near-term trend cushion. |
| Near support | $19.20 to $20.50 | The July 28 low was $19.16 and the late-July closes clustered near $20, forming the first support zone. A sustained break below this area would extend the downtrend. |
| Deeper support | $16 to $18 | This is a scenario reference zone below the July lows. It is not a guaranteed technical floor and would only matter if the sector de-rating deepens. |
| Near resistance | $22.40 to $23.70 | The 20-day moving average was near $23.69 and the July 21 close was $23.10. Reclaiming this zone would be the first sign that selling pressure is easing. |
| Higher resistance | $25.85 then $31.16 | The 200-day moving average was near $25.85 and the 50-day near $31.16 on July 31, 2026, forming overhead supply that a recovery would have to clear. |
| 50-day moving average | About $31.16 | StockAnalysis and Barchart both listed the 50-day moving average near $31.16, well above the current price. |
| 200-day moving average | About $25.85 | StockAnalysis and Barchart both listed the 200-day moving average near $25.85, above the current price and now a resistance zone. |
| Momentum | RSI about 32.5; Stochastic oversold | 14-day RSI was near 32.48 with 14-day stochastic percent K near 11.5 and percent D near 10.2, a deeply oversold reading, but oversold conditions in a high-beta stock are not a reversal signal by themselves. |
| Trend strength | ADX about 38, -DI above +DI | Barchart reported 14-day ADX near 38.33 with negative directional index near 28.51 above positive directional index near 11.54, confirming an active downtrend. |
| Volume | About 7.9 million average shares | 20-day average volume was near 7.9 million shares on StockAnalysis and near 7.98 million on Barchart, with heavy selling spikes on the worst days such as about 40.3 million shares on June 5. |
| Volatility | Very high | Barchart reported 14-day historical volatility near 69.14% and 50-day near 104.93%, so position sizing must account for large daily swings around earnings, launches, and sector news. |
| Invalidation | Close above $23.70 for a rebound | A sustained close above the 20-day moving average near $23.70 would be the first stabilization signal, and a close above the 200-day near $25.85 would turn the chart more constructive. A close below $19.16 extends the downtrend. |
PL AI trading strategy
The PL AI trading strategy is a rules-based research framework, not personalized advice. It should be paired with live chart checks, position sizing, the September 8, 2026 earnings date, launch schedules, new filings, and government contract disclosures because PL can move sharply on operational, launch, and sector news.
In the current downtrend, the trend-following setup waits for PL to reclaim the $22.40 to $23.70 zone and then the 200-day average near $25.85 with improving volume before adding long exposure. Confirm price strength with backlog conversion, Q2 revenue, gross margin, and capex execution rather than price alone.
A failed reclaim followed by a close below $19.16 keeps the bearish structure intact. A break into the $16 to $18 zone signals that the market is assigning a lower growth or execution multiple.
With RSI near 32.5 and stochastic deeply oversold, a tactical bounce toward the $22.40 to $23.70 zone is possible. Monitor whether any rebound is supported by the $102 million to $107 million Q2 revenue outlook, recurring ACV, satellite deployment, and stable cash after capital expenditure.
Do not average down solely because price is near oversold levels in a high-beta stock. Reassess if backlog conversion slows, capex rises without revenue support, free cash flow weakens, dilution expands, or the stock loses the $19.16 low.
Track revenue growth, recurring ACV, backlog and RPO conversion, gross margin, adjusted EBITDA, GAAP operating loss, free cash flow after satellite investment, cash and debt, stock-based compensation, and the number of shares outstanding.
Reduce confidence if growth relies on one or two government contracts, if new satellites do not improve capacity utilization, if adjusted metrics diverge further from GAAP, or if dilution offsets per-share progress.
Investment research summary
Customers pay Planet to observe change on Earth without building their own satellite constellation and data pipeline. Planet collects frequent imagery, stores a large archive, and adds analytics and software so governments, defense teams, agriculture companies, and other customers can monitor assets and events over time.
The moat is a system of daily coverage, archive, workflow integration, and operating experience rather than a single patent. A large constellation and daily land coverage create data density, while customer integrations, AI analytics, and sovereign satellite delivery speed can raise switching costs. The moat is strongest in monitoring workflows that depend on frequent historical comparisons and weakest where imagery is interchangeable.
The failure path starts if the cost of operating and replacing satellites grows faster than the value customers will pay for the data. Launch delays, hardware failures, cloud competition, government budget changes, contract concentration, weak commercial adoption, cyber incidents, and persistent stock compensation could turn strong revenue growth into weak per-share economics.
Co-founder Will Marshall remains CEO and chairperson, while Ashley Johnson serves as president and CFO. Management delivered a record Q1, raised fiscal 2027 guidance, executed launches including the first Swedish sovereign Pelican, and used warrant exercises and convertible debt to add about $500 million of cash year over year. The capital allocation test is whether new satellites and partnerships produce higher recurring cash flow before further dilution becomes necessary.
Earth observation is supported by defense and intelligence demand, climate and natural-resource monitoring, agriculture, infrastructure, and AI-enabled geospatial analysis. The long-term trend is credible, but the June 2026 SpaceX IPO triggered a broad de-rating of space stocks, and industry growth does not guarantee Planet captures the economics. Launch providers, government procurement, cloud platforms, and competitors with higher-resolution or lower-cost imagery can all shape returns.
At $20.48, the stock traded at about 21.75x trailing sales and 15.61x forward sales, with price to free cash flow near 157x. Net cash of about $242.8 million helps liquidity, but the premium valuation assumes strong growth and eventual margin improvement. The margin of safety is limited until Planet proves that cash generation can scale after capex, stock compensation, and dilution.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| PL closing price | $20.48 on July 31, 2026, with an after-hours print of $20.26 | StockAnalysis real-time quote | August 3, 2026 |
| Market cap and shares | $7.30 billion market cap, verified as $20.48 x 356.40 million shares with 0.01% deviation; shares up 8.13% year over year and 8.87% quarter over quarter | StockAnalysis statistics and market-cap verification | August 3, 2026 |
| TTM financial summary | $335.61 million revenue up 34.15%; $186.53 million gross profit; operating income about -$89.65 million to -$107.19 million depending on presentation; -$373.10 million net loss including a warrant revaluation loss; EPS -$1.17 | StockAnalysis statistics and financials pages | August 3, 2026 |
| Q1 FY2027 operating results | Record revenue about $94 million, up 42% year over year; non-GAAP gross margin 56%; adjusted EBITDA loss about $1 million; Rule of 40 for a third consecutive quarter; defense and intelligence up more than 65%; commercial up more than 20%; civil government roughly flat | Planet Q1 FY2027 earnings release and call | June 4, 2026 |
| Q1 FY2027 backlog and RPO | Backlog about $906 million, up 72% year over year; remaining performance obligations about $816 million, up 80%; 99% recurring ACV; net dollar retention 113% | Planet Q1 FY2027 earnings release and call | June 4, 2026 |
| Cash and debt position | $730.84 million cash and short-term investments; $488.04 million total debt; net cash about $242.80 million or about $0.68 per share | StockAnalysis Q1 FY2027 balance sheet summary | August 3, 2026 |
| TTM cash flow | Operating cash flow $132.46 million; capital expenditures -$85.91 million; free cash flow $46.55 million | StockAnalysis cash flow statement | August 3, 2026 |
| Fiscal 2027 guidance | Revenue $425 million to $441 million, up about 41% at the midpoint; non-GAAP gross margin 52% to 54%; adjusted EBITDA breakeven to $10 million; capital expenditures $80 million to $95 million; free cash flow positive on an annual basis; Q2 revenue $102 million to $107 million | Planet Q1 FY2027 earnings release and call | June 4, 2026 |
| Segment revenue, TTM | Defense and intelligence $204.97 million; civil government $71.8 million; commercial $58.84 million | StockAnalysis segment KPIs | August 3, 2026 |
| Valuation snapshot | 21.75x price to sales; 15.61x forward price to sales; 16.45x price to book; 156.80x price to free cash flow; EV to sales about 21x; PE not meaningful with negative earnings | StockAnalysis statistics | August 3, 2026 |
| Analyst consensus | Buy from 11 analysts with an average target of $40.10, median $38, low $25, and high $53, implying roughly 96% upside from the July 31 close | StockAnalysis forecast and analyst ratings | July 28, 2026 |
| Analyst rating mix, July 2026 | 6 Strong Buy, 1 Buy, 3 Hold, 0 Sell, and 1 Strong Sell out of 11 analysts | StockAnalysis forecast recommendation trends | July 28, 2026 |
| Recent analyst target updates | Northland maintained Buy at $50 on July 15; Goldman Sachs raised to $25 from $22 on July 14; Wedbush maintained Buy at $50 on July 1; Deutsche Bank cut to $36 from $38 on June 15; Morgan Stanley maintained Hold at $35 on June 10 | StockAnalysis forecast and news feed | July 28, 2026 |
| Short interest | 32.42 million shares short, 9.10% of shares outstanding and 11.00% of float, 2.49 days to cover, down from 41.43 million the prior month | StockAnalysis statistics short selling | August 3, 2026 |
| Technical snapshot | 5-day average near $20.32, 20-day near $23.69, 50-day near $31.16, 100-day near $32.87, 200-day near $25.85, 14-day RSI near 32.48, ADX near 38.33, 14-day historical volatility near 69.14% | Barchart and StockAnalysis technical snapshots | August 3, 2026 |
| Price history and range | 52-week range $5.87 to $51.76 with a 52-week gain of 226%; fell about 60% from the May 28, 2026 high to the July 31 close; June 5, 2026 dropped about 26% on about 40.3 million shares | StockAnalysis historical price data | August 3, 2026 |
| Company platform and coverage | Approximately 200 Earth imaging satellites, daily coverage of the world land mass, and a new London office opened July 2026 to expand the European footprint | Planet investor relations overview and press release | July 20, 2026 |
| Space sector context | The June 2026 SpaceX IPO triggered a broad de-rating of space stocks, and Planet Labs was among the names that reversed sharply from their 2026 highs, with analysts and investors debating whether the pullback is a sentiment reset or a fundamentals issue | StockAnalysis news feed and Invezz market coverage | August 3, 2026 |
| Next earnings date | Q2 FY2027 results expected on September 8, 2026, before market open | StockAnalysis earnings calendar | August 3, 2026 |
This PL AI stock analysis is an informational research tool, not investment advice, a recommendation, or a promise of returns. Forecast ranges are scenario outputs based on available data and assumptions that can be wrong. The stock is highly volatile and has recently fallen sharply, and it depends on launches, government contracts, satellite performance, and market sentiment. Verify current prices, filings, technical levels, tax rules, and personal suitability before making any financial decision.
Design trading strategies visually with 10+ indicators. Set entry/exit conditions and risk management, then generate Pine Script code with no coding required.
Filter and discover stocks based on market cap, dividend yield, P/E ratio, sector, and more. Screen thousands of stocks with real-time data.
Smart AI-driven stock selection with fundamental screening, analyst estimates, and key metrics. Filter by P/E, market cap, dividends, and more.
