Morgan Stanley cuts Planet Labs stock target to USD 19.00 on October 16, 2026

Published on 10/17/2026 at 20:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Planet Labs posted USD 116.05 million revenue in its second quarter of fiscal year 2027. Planet Labs stock costs USD 13.56 on October 16, 2026, down 6.74 percent on the NYSE.

Analyst view and financial scale

Morgan Stanley lowered its Planet Labs target to USD 19.00 on October 16, 2026.
Second-quarter fiscal year 2027 revenue reached USD 116.05 million, up 58.20 percent year over year.
Planet Labs stock costs USD 13.56 at 4:00 p.m. ET on October 16, 2026, down 6.74 percent on the NYSE versus the prior close of October 15, 2026.
Planet Labs had a market capitalization of USD 4.6 billion as of October 16, 2026.

PL, US72703X1063, Illustration mit AI erstellt.

Morgan Stanley cut its Planet Labs price target from USD 35.00 to USD 19.00 on October 16, 2026, while keeping an Equal Weight rating, according to Markets Insider. The revised target stood 40.12 percent above Planet Labs stock's last NYSE price of USD 13.56 on October 16, 2026.

Planet Labs reported USD 116.05 million in revenue for the second quarter of fiscal year 2027, up 58.20 percent from the same quarter a year earlier, according to MarketBeat. The same report said adjusted earnings per share were USD 0.02, compared with an expected loss of USD 0.02.

Revenue growth meets a loss

The quarterly revenue increase was accompanied by a consolidated net loss of USD 9.35 million, according to the standardized quarterly accounts for the period ended July 31, 2026. Planet's investor-relations page describes the business as a provider of frequent satellite imagery and geospatial data for agriculture, forestry, mapping and government customers.

Price position and trading range

Planet Labs stock last stood at USD 13.56 on October 16, 2026 at 4:00 p.m. ET, down 6.74 percent from the NYSE prior close of USD 14.54 on October 15, 2026. The stock's 52-week range was USD 10.52 to USD 51.76, placing the latest price 28.90 percent above the low and 73.79 percent below the high.

Valuation and company scale

Planet Labs had a market capitalization of USD 4.6 billion as of October 16, 2026. Its trailing price-to-earnings ratio was minus 12.33, while the trailing dividend yield was 0.00 percent. The company reported total assets of USD 1.4 billion as of July 31, 2026.

Comparison with peers

Planet Labs PBC (NYSE, USD): minus 6.74 percent, market capitalization USD 4.6 billion
BlackSky Technology (NYSE, USD): minus 6.12 percent, P/E minus 9.49, market capitalization USD 708.8 million
Spire Global (NYSE, USD): minus 3.76 percent, P/E minus 3.35, market capitalization USD 350.1 million

What the target means for the stock

Morgan Stanley's new USD 19.00 target is 40.12 percent above the October 16 NYSE price, but the lower target marks a clear change from USD 35.00. The contrast leaves revenue growth and the continuing net loss as the two central operating figures for the next valuation discussion.

The last available NYSE price was USD 13.56 on October 16, 2026 at 4:00 p.m. ET, with a minus 6.74 percent move versus the prior close of October 15, 2026 at USD 14.54.