Planet Labs rises after upbeat annual forecast

Shares of satellite imagery firm Planet Labs PL.N jump about 16% to $31.25 premarket

Co forecasts FY27 revenue between $415 and $440 million, above analysts' average estimate of $383.99 million - data compiled by LSEG

Sees Q1 revenue in the range of $87 million to $91 million, also above estimate of $85.16 million

Q4 revenue a beat, co breaks even vs. expectations of adjusted loss of 5 cents per share

Co awarded contract with Swedish Armed Forces in Q4, adding to existing contracts with government agencies in the U.S. and abroad, indicating robust demand

Of 11 analysts tracking the stock, eight rate it "buy" or higher and three "hold"; their median PT is $28.50 - LSEG-compiled data

As of last close, PL stock up more than 36% YTD after more than quadrupling last year