PL
Planet Labs PBC
NYSE: PL · INDUSTRIALS · AEROSPACE & DEFENSE
$31.15
-8.84% today
Updated 2026-06-12
Market cap
$11.10B
P/E ratio
—
P/S ratio
33.08x
EPS (TTM)
$-1.16
Dividend yield
—
52W range
$5 – $52
Volume
12.4M
Planet Labs PBC (PL) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed PL price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$31.15
Today
Analyst consensus
$30.61
-1.73% · 12M
2030 Base
$69.91
+124.43% future
NPV today
$36.70
@ 15% WACC
12 analysts:
6 Buy3 Hold3 Sell
Management guidance
Planet Labs reported FY2026 revenue of $307.73M (ended Jan 31, 2026) with 25.94% YoY growth. CEO Marshall Spencer and management have emphasized record $900M backlog as of Q4 2026 and aggressive satellite deployment (Pelican constellation expansion). No specific 2030 revenue target disclosed, but guidance implies 30%+ revenue growth through 2027-2028 driven by government contracts, commercial AI applications, and international expansion (Berlin manufacturing facility). Management targets profitability improvement with current -80% margin expected to normalize as revenue scales.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
PL · Planet Labs PBC · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$34.51
NPV today: $18.12
Base case (2030)
$69.91
NPV today: $36.70
Bull case (2030)
$147.80
NPV today: $77.60
WallStSmart.com
PL financial forecast · Research-backed projections
| Metric | 2026 | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|
| Revenue | $0.3B | $0.6B | $0.8B | $0.9B | $1.2B |
| Revenue growth | 25.9% | 36.6% | 27.3% | 20.1% | 14.6% |
| Net margin | — | 4.9% | 10.8% | 12.4% | 12.4% |
| EPS | $-0.03 | $0.08 | $0.24 | $0.35 | $0.44 |
| Diluted shares | — | 336M | 337M | 338M | 339M |
| Net debt | — | $713.21M | $917.73M | $1.18B | $1.50B |
| P/S multiple | — | 21.0x | 21.0x | 21.0x | 21.0x |
| Implied price (base) | — | $32.29 | $44.02 | $55.56 | $69.91 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $1.2B | $1.2B | $1.2B |
| P/S multiple | 11.0x | 21.0x | 43.0x |
| Diluted shares | 339M | 339M | 339M |
| Net debt | $1.50B | $1.50B | $1.50B |
| Implied P/E † | 78x | 159x | 336x |
| 2030 Price | $34.51 | $69.91 | $147.80 |
| NPV @ 15% | $18.12 | $36.70 | $77.60 |
† Implied P/E: Multiples remain elevated across all three scenarios because PL is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $69.91 base case
PL catalysts and risks
Growth catalysts
+ Record $900M backlog conversion (42% of FY2026 revenue already contracted)
+ Pelican satellite constellation deployment acceleration and international government contracts (Czech deal, European expansion)
+ AI-powered geospatial analytics monetization (on-orbit GPU processing, enterprise applications)
+ Defense/intelligence budget tailwinds (US/NATO demand for real-time Earth observation amid geopolitical tensions)
+ Commercial AI infrastructure partnerships (SpaceX, cloud providers for orbital data centers)
Key risks
- Severe valuation overhang (P/S 47.8x, market cap $13.91B on $307.73M revenue — implies 45x sales multiple)
- Deep GAAP profitability deficit (-$246.86M operating loss, -80.2% margin) with no clear path to profitability by 2028
- Satellite constellation concentration risk (launch failures could disrupt production; dependency on SpaceX/Rocket Lab)
- Geopolitical revenue concentration (government/defense contracts vulnerable to budget cuts, policy shifts; recent Middle East imagery halt shows regulatory risk)
- Insider selling signals (CEO, CFO, co-founder all sold in April 2026 at $35/share; current price $42.48 may reflect froth)
- High share dilution (earnout shares issued Feb 2026: +5.7M shares; warrant redemption added optionality; total shares now ~356M)
Methodology · Planet Labs PBC 2030 stock forecast model
Planet Labs PBC 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 12 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (2% cumulative for PL by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($1.50B by 2030) |
| 3. Time value | NPV calculated using 15% WACC (CAPM: beta 1.914) |
| 4. Multiple framework | P/S compresses with scale: bear 11.0x / base 21.0x / bull 43.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.
PL price target FAQ
What is the PL price target for 2030?
WallStSmart's Planet Labs PBC 2030 base case is $69.91 per share, with a bull case of $147.80 and bear case of $34.51. The NPV of the base case discounted to today at 15% WACC is $36.70.
How is the Planet Labs PBC 2030 stock forecast calculated?
The PL 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the PL price target account for dilution?
Planet Labs PBC is projected to grow diluted share count from 333M to 339M by 2030 (a 2% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 2%.
What is the analyst consensus on PL stock?
12 analysts cover PL with an average 12-month price target of $30.61. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.