Planet Labs PBC (PL) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$39.69
Price Target
$25.54
Target Range
$12.30 — $38.00
Analyst Rating
Buy
Forward P/E—
Trailing P/E-49.6x
Forward PEG—
Implied Growth+89.9%
Median Target$27.00
Analyst Spread100.6%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$12
-69.0%
Consensus
$26
-35.7%
Bull Case
$38
-4.3%
PL Price Target Analysis
Updated May 7, 2026As of May 7, 2026, Planet Labs PBC (PL) has a Wall Street consensus price target of $25.54, based on estimates from 22 covering analysts. With the stock currently trading at $39.69, this represents a potential downside of -35.7%. The company has a market capitalization of $11.59B.
Analyst price targets range from a low of $12.30 to a high of $38.00, representing a 101% spread in expectations. The median target of $27.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 12 analysts rating the stock as a Buy or Strong Buy,10 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, PL trades at a trailing P/E of -49.6x. Analysts expect EPS to grow +89.9% over the next year.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Industrials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+8.1%
Avg Forward P/E1256.8x
Peers with Coverage9 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 BKSYBlackSky Technology Inc. | $1.2B | $40.51 | $23.00 | -43.2% | Buy | — | 8 |
 SATLSatellogic Inc. | $958M | $7.14 | $5.50 | -23.0% | Sell | — | 1 |
 SPIRSpire Global, Inc. | $601.5B | $18.30 | $17.25 | -5.7% | Buy | — | 12 |
 ASTSAST SpaceMobile, Inc. | $20.7B | $70.68 | $103.65 | +46.6% | Buy | — | 7 |
 MNTSMomentus Inc. | $3M | $4.80 | — | — | — | — | — |
 LHXL3Harris Technologies, Inc. | $56.4B | $302.20 | $352.25 | +16.6% | Buy | 26.1x | 32 |
 NOCNorthrop Grumman Corporation | $79.4B | $558.72 | $731.46 | +30.9% | Buy | 20.0x | 35 |
 RKLBRocket Lab USA, Inc. | $48.7B | $84.65 | $92.33 | +9.1% | Buy | — | 18 |
 BAThe Boeing Company | $181.3B | $229.93 | $263.67 | +14.7% | Buy | 4955.4x | 54 |
 RTXRTX Corporation | $238.0B | $176.74 | $224.89 | +27.2% | Buy | 25.5x | 26 |
Upside Potential Comparison
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Start ComparisonPL — Frequently Asked Questions
Quick answers to the most common questions about buying PL stock.
What is the PL stock price target for 2026?
PL's consensus price target is $25.54, -35.7% below the current price of $39.69. The 22 analysts tracking PL see downside risk at present valuations.
Is PL a buy, sell, or hold?
PL has a consensus rating of "Buy" based on 22 Wall Street analysts. The rating breakdown is predominantly bullish, with 12 Buy/Strong Buy ratings. The consensus 12-month price target of $25.54 implies -35.7% downside from current levels.
Is PL stock overvalued or undervalued?
PL's current price is $39.69 with a consensus target of $25.54 (-35.7% implied move). Analyst estimates suggest the stock is overvalued at current levels.
How high can PL stock go?
The most bullish Wall Street analyst has a price target of $38 for PL, while the most conservative target is $12.3. The consensus of $25.54 represents the median expectation. These targets typically reflect 12-month expectations.
How many analysts cover PL stock?
PL is well covered by analysts, with 22 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 10 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the PL stock forecast?
The 12-month PL stock forecast based on 22 Wall Street analysts shows a consensus price target of $25.54, with estimates ranging from $12.3 (bear case) to $38 (bull case). The median consensus rating is "Buy".
Should I buy PL stock?
Analysts are cautious on PL, with 0 Sell ratings and a price target of $25.54 (-35.7% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do PL price targets vary so much?
PL analyst price targets range from $12.3 to $38, a 101% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $25.54 consensus represents the middle ground.