Archived explainer. For the current picture see today's PL page.
Why Is PLANET LABS PBC A (PL) Stock Moving Today?
By the Top Tier Newswire AI Desk · September 4, 2026 at 2:31 PM ET · reviewed against 35 wire stories
PLANET LABS PBC A (PL) is drawing unusual attention today. Our newswire has captured 35 stories on PL across 15 sources in the last 36 hours, with AI sentiment reading mixed (avg 53/100).
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Why PL stock is moving today
Planet Labs stock is moving lower today after a volatile session that began with a 10.6% gap up but ended with a near 11% decline. The stock opened at $20.30 and hit a high of $20.80 early in the session before falling to a low of $17.90. The last traded price was $18.07, with 19.2 million shares traded so far, nearly double the 3-month average. The move follows mixed analyst activity and a strong earnings beat earlier in the week.
What Happened
Planet Labs reported strong fiscal second-quarter results, with revenue of $116.1 million exceeding the $104.5 million Wall Street estimate. Adjusted earnings per share came in at $0.02, surpassing the expected loss of $0.02. Despite the earnings beat, the stock opened sharply higher but quickly reversed course. Analysts responded with a series of price target cuts and upgrades. Northland cut its price target to $40 from $50, while Craig-Hallum reduced its target to $35 from $49. New Street upgraded the stock to Neutral from Sell. The firm's military-driven revenue growth appears to have failed to sustain the post-earnings rally.
What The Data Shows
The stock has traded between $6.25 and $51.76 over the past 52 weeks. With a market cap of $7.1 billion, Planet Labs remains unprofitable, with a trailing twelve-month EPS of -1.17 and a net margin of -111.2%. The stock has declined 14.2% over the last 8 sessions, from $21.16 to $18.15. Recent insider transactions show six sales totaling $11.4 million in the last 90 days, with the most recent sale on July 24. The 52-week tape shows one fresh 52-week high and 12 fresh 52-week lows on September 4.
What To Watch
Planet Labs does not have an upcoming earnings date listed, but coverage breadth remains active with 35 stories from 15 sources in the last 36 hours. Analyst activity and retail sentiment will be key to watch as the stock continues to trade near the bottom of its 52-week range.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
PL · Sep 4 session (5-min) · -1.74% vs prior close · updated 8:55 PM ETAI sentiment, last 36h · averaged over 35 stories · 53/100 neutral
The headlines behind the move
Story flow · 8 stories on the wire, last 36h · hover or tap a dot for the headline
8d agoFox BusinessBEARISH 38Macro
Dow tumbles 254 points following strong August jobs report - foxbusiness.com
David Asman anchors a market check as stocks fall following a strong August jobs report. Lauren Simonetti breaks down why Zscaler, Planet Labs and gold stocks are trading lower.
8d agoStocktwits NewsBEARISH 42Analyst
Planet Labs Is ‘On A Roll’ In Defense And Intelligence, Says Craig-Hallum — Why Did The Firm Shave Its Target By Over 28%?
The brokerage cut its price target to reflect relative valuations as fund flows have reduced multiples in the space sector.
8d agoTipRanksBULLISH 55Earnings
AmRest Sets Investor Webcast for 2Q/1H 2026 Results
An update from AmRest Holdings SE ( ($PL:EAT) ) is now available. AmRest Holdings SE has scheduled a webcast for investors to present its financial results for the ...
8d agoThe FlyBEARISH 38Analyst
Planet Labs price target lowered to $40 from $50 at Northland
9d agoThe FlyBEARISH 34Analyst
Planet Labs price target lowered to $35 from $49 at Craig-Hallum
9d agoBarron'sBULLISH 73Earnings
Planet Labs Crushes Earnings Guidance as Military Demand Boosts Satellite Sales
Planet Labs reported fiscal second-quarter sales of $116.1 million Thursday afternoon. Wall Street was looking for $104.5 million.
Planet Labs upgraded to Neutral from Sell at New Street
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