
Planet Labs (PL) Stock Forecast & Price Target
Planet Labs (PL) Analyst Ratings
Bulls say
Planet Labs PBC reported a significant year-over-year increase in total RPO of 371%, reaching $672 million, alongside an 86% growth in cRPO to $222 million, driven by substantial contracts in Japan and Germany. The company ended its fiscal third quarter with cash and short-term investments totaling $678 million, a notable increase from $278 million, indicating strong financial health and capacity for future investments. With total revenue rising 33% year-over-year to $81.3 million, surpassing both company guidance and market estimates, and robust growth in the Defense and Intelligence segment, Planet Labs demonstrates strong demand for its services and a positive outlook for continued expansion in the coming quarters.
Bears say
The financial outlook for Planet Labs PBC appears negative due to several indicators of weakened performance and market challenges. While the total remaining performance obligations (RPO) and backlog showed substantial year-over-year growth, they both declined slightly quarter-over-quarter, signaling potential instability as the company faces commercial sector weaknesses tied to agriculture seasonality and a shift to larger accounts. Additionally, free cash flow dramatically decreased, and prolonged sales cycles coupled with slowed customer growth reflect hesitancy in adopting geospatial data solutions, raising concerns regarding the effectiveness of product development and future growth potential.
This aggregate rating is based on analysts' research of Planet Labs and is not a guaranteed prediction by Public.com or investment advice.
Planet Labs (PL) Analyst Forecast & Price Prediction
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