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."

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Shares of Planet Labs closed at $18.35 yesterday.