Planet Labs gains after upbeat annual revenue forecast

ReutersJun 5, 2025 10:38 AM

Shares of satellite imagery company Planet Labs PL.N jump 24.1% to $4.95 premarket

Company forecasts annual revenue in the range of $265 mln-$280 mln, with its mid-point above analysts' estimate of $270.6 mln - data compiled by LSEG

Q1 revenue of $66.27 mln also above estimate of $62.3 mln

Average rating of 11 analysts is a "buy"; median PT at $5 - data compiled by LSEG

Stock down slightly YTD, till last close

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