WEBULL

A Look At Planet Labs (PL) Valuation After Government Contracts And Record Quarterly Revenue

Simply Wall St · 6d ago

Recent government contracts that helped Planet Labs PBC (PL) reach record fiscal third quarter revenue of $81.3 million have drawn investor attention, as has a pre-arranged share sale by co-founder Robert Schingler.

See our latest analysis for Planet Labs PBC.

Against this backdrop, Planet Labs PBC’s recent government contract wins and record quarterly revenue have coincided with a sharp acceleration in momentum, with a 71.03% 30 day share price return and a very large 1 year total shareholder return. The latest share price of $21.84 reflects the market’s current enthusiasm for its satellite data and AI driven services.

If this kind of space focused, data heavy story has your attention, it could be a good moment to see how Planet compares with other high growth tech and AI stocks that are catching the market’s eye.

With the shares up 71.03% in 30 days and trading above the US$18.59 analyst target, the key question now is simple: is Planet still misunderstood by the market, or is the recent surge already pricing in future growth?

Most Popular Narrative: 93.1% Overvalued

At a last close of US$21.84 against a narrative fair value of US$11.31, the valuation gap is wide and immediately catches the eye.

Planet Labs leads the EO market with the largest satellite constellation, poised to capitalize on the growing demand for Earth Observation and geospatial data from companies and governments.

Read the complete narrative.

Curious how a space data specialist ends up with such a punchy valuation gap? Revenue growth assumptions, future margins, and a premium earnings multiple are central to this narrative. The full breakdown shows how these moving parts are combined to reach that fair value.

Result: Fair Value of $11.31 (OVERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this upbeat story could be challenged if expected Earth Observation demand or higher value government and commercial contracts do not materialise as investors currently hope.

Find out about the key risks to this Planet Labs PBC narrative.

Build Your Own Planet Labs PBC Narrative

If you see the numbers differently or prefer to test your own assumptions, you can build a fresh Planet Labs view in a few minutes, Do it your way.

A great starting point for your Planet Labs PBC research is our analysis highlighting 1 key reward and 2 important warning signs that could impact your investment decision.

Looking for more investment ideas?

If Planet has you thinking bigger about your portfolio, now is the time to line up a few more high conviction ideas before the next move catches you off guard.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.