Barclays sets USD 17.00 target for Planet Labs stock
Published on 10/15/2026 at 22:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and guidance
- On October 10, 2026, Barclays initiated coverage with a USD 17.00 target.
- Fiscal 2027 revenue guidance spans USD 430 million to USD 441 million.
- Planet Labs stock last traded at USD 14.54 on Nasdaq on October 15, 2026 at 4:00 p.m. ET, 71.91 percent below its 52-week high of USD 51.76.
- Market capitalization stood at USD 4.9 billion on October 15, 2026.
Barclays initiated coverage of Planet Labs on October 10, 2026, with an Equal Weight rating and a USD 17.00 price target, which was 16.92 percent above the USD 14.54 Nasdaq price at the time. MarketBeat reported the initiation. At Lang & Schwarz, the stock was trading at EUR 13.00 on October 15, 2026 at 10:57 p.m. CEST.
Guidance spans USD 430 million to USD 441 million
Planet Labs enters the next reporting cycle with fiscal 2027 revenue guidance of USD 430 million to USD 441 million. Zacks reported that range on October 15, 2026, alongside an adjusted EBITDA outlook of USD 3 million to USD 10 million and an USD 815 million backlog. The figures frame the stock as a growth story whose valuation depends heavily on execution against the forecast.
Planet Labs sits below its yearly high
Planet Labs last traded at USD 14.54 on Nasdaq on October 15, 2026 at 4:00 p.m. ET. The same-day range was USD 13.37 to USD 14.61, while the 52-week range was USD 10.52 to USD 51.76. The Nasdaq price stood 38.21 percent above the yearly low and 71.91 percent below the yearly high.
The company reported fiscal second-quarter revenue of USD 116.05 million for the period ended July 31, 2026, compared with USD 94.15 million in the first quarter. Planet Labs also reported fiscal second-quarter operating loss of USD 13.51 million and net loss attributable to common shareholders of USD 9.35 million. Its operating cash flow was USD 52.95 million in the same quarter.
Recurring contracts support the business model
Planet Labs says its revenue exceeds USD 300 million and that recurring annual contract value accounts for more than 90 percent of its business. The company also says more than 80 percent of contracts are annual or multi-year agreements and that its fleet contains approximately 200 Earth-imaging satellites. These operating details are presented on Planet Labs investor relations.
Valuation remains tied to growth delivery
Planet Labs had a market capitalization of USD 4.9 billion on October 15, 2026. Barclays' USD 17.00 target places the analyst view above the latest Nasdaq price, while fiscal 2027 guidance provides the next measurable test for the company's growth profile.
Price and investor perspective
The euro quotation and the Nasdaq quotation describe different trading venues, but both point to the same investor question: whether revenue growth can translate into improving profitability. The current euro price was EUR 13.00 at Lang & Schwarz on October 15, 2026 at 10:57 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Planet Labs stock.
Planet Labs stock facts
- Company: Planet Labs PBC
- ISIN: US72703X1063
- Ticker: PL
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 15, 2026, 10:57 p.m. CEST): EUR 13.00
- Market capitalization: USD 4.9 billion (as of October 15, 2026)
- 52-week range: USD 10.52-51.76 (as of October 15, 2026)
Market context: Market report S&P 500.
