Planet Labs PBC research snapshot
PL AI stock analysis currently reads Planet Labs PBC as a differentiated Earth observation data and geospatial intelligence platform with a large satellite constellation, high recurring contract value, and rising government and defense demand. The stock closed at $26.05 on July 10, 2026, implying a market value near $9.28 billion. Planet reported fiscal Q1 2027 revenue of $94.2 million, up 42% year over year, 99% recurring annual contract value, more than $906 million of backlog, and $730.8 million of cash, cash equivalents, and short-term investments. Management guided fiscal 2027 revenue to $425 million to $441 million, but GAAP losses, substantial share dilution, high capital spending, satellite deployment risk, and a roughly 200x price to free cash flow ratio make the PL AI stock forecast highly sensitive to execution and valuation. This page is informational research, not investment advice.
Current price
$26.05 close on July 10, 2026
Market cap
$9.28 billion calculated from $26.05 x 356.40 million shares, with a 0.05% variance versus the reported market cap
AI score
64 / 100
Rating
High-growth Earth observation data platform with strong recurring contracts and improving cash generation, but expensive revenue multiples and high execution risk
Trend status
Short-term momentum is weak after the June selloff; price is near the 200-day average and below the 50-day average
Data cutoff (updated weekly)
July 12, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | Planet operates a global Earth observation platform that images land frequently and sells imagery, analytics, software, and satellite services to government and commercial customers. Q1 fiscal 2027 recurring ACV was 99%. | High |
| Moat | The moat is built from a large imagery archive, daily coverage, satellite and analytics integration, customer workflows, and launch and operating experience. It is real but must be maintained through ongoing constellation investment. | Medium-high |
| Management | Co-founder and CEO Will Marshall has kept the company focused on high-frequency imagery, AI-enabled insights, and government and commercial use cases. The key test is whether growth investment produces per-share value without repeated dilution. | Medium |
| Financial trend | FY2026 revenue rose 26% to $307.7 million and free cash flow was positive under the company definition, while Q1 fiscal 2027 revenue rose 42% to $94.2 million. GAAP net loss was $138.9 million in Q1, including a $106.5 million warrant revaluation loss. | High |
| Valuation | At $26.05, StockAnalysis listed a 27.66x price to sales ratio, 19.86x forward price to sales ratio, 199.44x price to free cash flow, and 26.94x enterprise value to sales. There is no meaningful positive P/E while GAAP earnings remain negative. | High |
| Technical trend | The price was below the 50-day moving average near $36.27 but slightly above the 200-day average near $25.23. RSI near 35.53 and a 20-day average volume near 14.0 million shares show weak momentum and elevated trading activity. | High |
| Risk level | Risk is high because Planet remains GAAP loss-making, depends on launches and satellite availability, has high stock-based and warrant-related accounting noise, and trades at a premium revenue multiple despite a recent share count increase. | High |
| AI confidence | The research has strong support for current operating metrics and guidance, but long-term returns depend on contract conversion, gross margin, capex discipline, and whether geospatial data becomes a consistently profitable platform. | Medium-high |
| Investment certainty | Investment certainty is medium-low. The business is understandable and its data asset is differentiated, but the market price assumes substantial future growth before durable GAAP profitability is demonstrated. | 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 non-GAAP EPS, so a P/E model is not economically meaningful. A three-year range based on fiscal 2027 revenue near the midpoint of $433 million, later growth, net cash, and different EV to revenue assumptions gives a wide reference band. The financial_rigor.py three-scenario command was run with negative EPS as required, but its negative price outputs confirm that the P/E method cannot be used for this company yet. These ranges are scenario outputs, not price targets or promises.
$38 to $52
More likely if fiscal 2027 revenue reaches or exceeds the high end of guidance, backlog converts on schedule, Pelican and SkySat capacity scales with acceptable capex, government and defense contracts broaden, gross margin recovers, and free cash flow grows faster than the share count.
$23 to $34
More likely if Planet delivers the current growth plan, maintains high recurring ACV, converts backlog steadily, and reaches modest adjusted profitability while the market assigns a lower revenue multiple than it does today.
$15 to $22
More likely if launch or satellite availability problems delay revenue, government awards become lumpy, commercial demand slows, capex and stock compensation remain high, dilution continues, or investors re-rate the company toward lower-growth data and aerospace peers.
PL AI technical analysis
PL AI technical analysis starts from the $26.05 July 10, 2026 close. StockAnalysis listed a 50-day moving average near $36.27, a 200-day moving average near $25.23, RSI near 35.53, beta near 2.07, and average 20-day volume near 14.0 million shares. The recent history shows a sharp fall from the $50 area in late May and a July 10 low of $25.32. 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 | $26.05 | StockAnalysis closing quote on July 10, 2026. The session range was $25.32 to $27.36 on volume of about 7.20 million shares. |
| Near support | $25.23 to $26.05 | The 200-day moving average was about $25.23 and the July 10 low was $25.32. A sustained break below this area would weaken the current base. |
| Deeper support | $22 to $24 | This is a round-number reference zone below the recent 200-day average. It is a scenario level, not a guaranteed technical floor. |
| Near resistance | $27.20 to $30.18 | The July 9 close was $27.20 and the July 7 high was $30.18. Reclaiming this zone would show that the immediate selloff is losing force. |
| Higher resistance | $31.61 to $34.25 | The July 1 close was $31.61 and its high was $34.25. This area sits above several recent closes and may attract supply during a rebound. |
| 50-day moving average | About $36.27 | StockAnalysis technical snapshot last checked around July 12, 2026. Price remained materially below this shorter trend reference. |
| 200-day moving average | About $25.23 | StockAnalysis technical snapshot last checked around July 12, 2026. Price was only modestly above this longer trend reference. |
| Momentum and volume | RSI about 35.53; 20-day volume about 14.0M | Momentum was weak and near oversold territory, but the high beta and recent volume spikes mean an oversold reading is not a reversal signal by itself. |
| Volatility and invalidation | Beta about 2.07; sustained close below $25.23 | PL has moved more than the broad market over the measured period. A sustained close below the 200-day average weakens the recovery setup and calls for fresh fundamental review. |
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, earnings dates, launch schedules, new filings, and contract disclosures because PL can move sharply on operational and government news.
Wait for PL to reclaim the $27.20 to $30.18 zone and then watch whether it can build above the $36.27 50-day average with improving volume. 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 $25.23 weakens the setup. A break into the $22 to $24 zone signals that the market is assigning a lower growth or execution multiple.
If PL holds the $25.23 to $26.05 area, monitor whether the 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 a moving average. Reassess if backlog conversion slows, capex rises without revenue support, free cash flow weakens, or share count expands faster than operating cash flow.
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, forestry operators, and other customers can monitor assets and events over time.
The moat is a system of 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 and analytics can raise switching costs. The moat is strongest in monitoring workflows that depend on frequent historical comparisons and weakest where imagery is interchangeable or customers can wait for occasional captures.
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 has pursued a broad platform across PlanetScope, SkySat, Pelican, AI-enabled analytics, and government contracts, while using warrant exercises to increase cash. 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, insurance, infrastructure, and AI-enabled geospatial analysis. The long-term trend is credible, but industry growth does not guarantee Planet captures the economics. Launch providers, government procurement, data licensing, cloud platforms, and competitors with higher-resolution or lower-cost imagery can all shape returns.
At $26.05, the stock traded at about 27.66x trailing sales and 19.86x forward sales, with price to free cash flow near 200x. 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 therefore 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 | $26.05 on July 10, 2026 | StockAnalysis historical price data | July 12, 2026 |
| Market cap and shares | $9.28B market cap; 356.40M shares | StockAnalysis statistics and market-cap calculation | July 12, 2026 |
| FY2026 revenue and net loss | $307.73M revenue; $246.86M net loss | StockAnalysis financial statements and Macrotrends cross-check | July 12, 2026 |
| Q1 fiscal 2027 operating results | $94.2M revenue, up 42% year over year; 54% GAAP gross margin; 99% recurring ACV | Planet Q1 fiscal 2027 results | July 12, 2026 |
| Q1 fiscal 2027 backlog and RPO | $906.06M backlog; $816.01M remaining performance obligations | Planet Q1 fiscal 2027 results | July 12, 2026 |
| Cash and debt position | $730.84M cash; $488.04M debt; about $242.80M net cash | StockAnalysis Q1 fiscal 2027 balance sheet summary | July 12, 2026 |
| Fiscal 2027 outlook | $425M to $441M revenue; 52% to 54% non-GAAP gross margin; $0M to $10M adjusted EBITDA | Planet Q1 fiscal 2027 results | July 12, 2026 |
| Valuation snapshot | 27.66x price to sales; 19.86x forward price to sales; 199.44x price to free cash flow | StockAnalysis statistics | July 12, 2026 |
| Technical snapshot | 50-day average $36.27; 200-day average $25.23; RSI 35.53; beta 2.07 | StockAnalysis statistics | July 12, 2026 |
| Company platform and coverage | Approximately 200 Earth imaging satellites and daily coverage of the world land mass | Planet investor relations overview | July 12, 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. 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.
