Planet Labs rises on European Space Agency contract to advance Greek satellite technology
ReutersMar 24, 2025 3:45 PM
Shares of satellite imagery company Planet Labs PL.N rise 8% to $4.09
PL signs contract with the European Space Agency on behalf of the Hellenic Ministry of Digital Governance to support Greece's National SmallSat Programme
The contract will utilize PL's commercial satellite data to aid Greece in developing its national satellite technology
10 out of 11 brokerages rate the stock "buy" or higher, 1 rate "hold" and their median PT is $6 - as per data compiled by LSEG
Including sessions moves, PL stock up 1.3% YTD
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