Planet Labs (PL) Reiterated at Market Perform by Citizens on Solid Q2 Results

Citizens analyst Trevor Walsh reiterated a Market Perform rating on Planet Labs (NYSE: PL).

The analyst commented, "We reiterate our Market Perform rating on Planet Labs PBC ("Planet") after the company reported solid F2Q27 results, with commercial and civil government revenue up over 15% and over 5% y/y, respectively, but the defense and intelligence segment continuing to drive top-line outperformance at 90% y/y growth, leading the company to report total revenue of $116.0M (consensus $105.1M), up 58% y/y, and adjusted EBITDA of $13.9M (consensus $3.5M); the stock is down ~7% YTD (after trading up ~5% in the aftermarket), versus up ~13% for the Russell 3000."

For an analyst ratings summary and ratings history on Planet Labs click here. For more ratings news on Planet Labs click here.

Shares of Planet Labs closed at $18.35 yesterday.

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