Berenberg reiterates USD 25.00 target for Planet Labs stock
Published on 10/20/2026 at 22:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- Berenberg reiterated a USD 25.00 target and Buy rating for Planet Labs on October 20, 2026.
- Fiscal second-quarter revenue rose 58.10 percent to USD 116.10 million.
- Planet Labs stock costs EUR 11.95 at Lang & Schwarz on October 20, 2026 at 10:08 p.m. CEST, 2.05 percent below the Tradegate close of October 19, 2026.
- Fiscal third-quarter results are expected on December 8, 2026.
Berenberg reiterated a Buy rating and a USD 25.00 price target for Planet Labs on October 20, 2026, according to Investing.com. The target stood 83.96 percent above the USD 13.59 Nasdaq price cited in the report. Planet Labs was trading at EUR 11.95 at Lang & Schwarz on October 20, 2026 at 10:08 p.m. CEST, 2.05 percent below the Tradegate close of October 19, 2026 at EUR 12.20.
Revenue growth met a timing test
Planet Labs reported USD 116.10 million of revenue in its fiscal second quarter of 2027, up 58.10 percent from the prior-year quarter, according to Trefis. The quarter ended July 31, 2026. A handover of the first Pelican satellite for the Swedish Armed Forces contributed 12.00 percent of revenue, compared with 1.00 percent in the year-earlier quarter.
The same report said Planet Labs guided fiscal third-quarter 2027 revenue to USD 101.00 million to USD 105.00 million, below the fiscal second-quarter result. That contrast gives the analyst target a clear operating test: recurring demand must carry growth after the satellite handover effect fades.
Stock remains below its yearly high
The primary Nasdaq quote was USD 13.40 at 3:59 p.m. ET on October 20, 2026, with a market capitalization of USD 4.6 billion and volume of 5,668,411 shares. The 52-week range was USD 10.52 to USD 51.76, placing the price 74.11 percent below the high. Planet Labs PBC operates in the Industrials sector and Aerospace and Defense industry.
December results set the next test
Trefis reported that Planet Labs expects to release fiscal third-quarter 2027 results on December 8, 2026. Management's revenue guide of USD 101.00 million to USD 105.00 million gives that report a direct comparison with the USD 116.10 million fiscal second-quarter result.
What does the target mean?
Berenberg's USD 25.00 target is a valuation statement, while the next reported quarter will test whether the latest revenue growth can persist. The stock's 74.11 percent distance from its 52-week high leaves the market focused on execution rather than on the headline target alone.
Planet Labs price and outlook
Planet Labs stock was trading at EUR 11.95 at Lang & Schwarz on October 20, 2026 at 10:08 p.m. CEST, 2.05 percent below the Tradegate close of October 19, 2026 at EUR 12.20. The Nasdaq quote was USD 13.40 after hours on October 20, 2026, while the fiscal third-quarter report is expected on December 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Planet Labs stock.
Planet Labs market data
- Company: Planet Labs PBC
- ISIN: US72703X1063
- Ticker: PL
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 20, 2026, 10:08 p.m. CEST): EUR 11.95
- Change versus Tradegate close: minus 2.05 percent
- Tradegate close (October 19, 2026): EUR 12.20
- Market capitalization: USD 4.6 billion (as of October 20, 2026)
- 52-week range: USD 10.52-51.76 (as of October 20, 2026)
- Sector / Industry: Industrials / Aerospace and Defense
Market context: Market report S&P 500.
