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Planet Labs jumps after FY26 revenue forecast raise, Q3 beat

ReutersDec 11, 2025 9:47 AM

Shares of satellite imagery firm Planet Labs PL.N rise 17.5% to $15.2 premarket

Co raises FY26 revenue outlook to between $297 mln-$301 mln from $281 mln-$289 mln

Q3 revenue of $81.4 mln beats analysts' estimates of 71.7 mln, according to data compiled by LSEG

Results driven by strong demand for AI-enabled global monitoring solutions, including contracts with NGA and NATO, says CEO Will Marshall

Seven brokerages rate the stock "buy" or higher, three "hold"; their median PT is $16- LSEG data

As of last close, the stock had more than tripled in value in 2025, outperforming the NYSE Composite index's .NYA 14.9% rise

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