Planet Labs Stock News

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For several years, Planet Labs (NYSE: PL), an Earth-imaging and geospatial analytics firm based in San Francisco, has exemplified the story of "appealing technology, disappointing stock." Investors were fascinated by the concept of a company capturing daily images of the whole Earth, yet they were displeased with its financial situation: stagnant growth, significant expenses, and reliance on go...

Planet Labs is downgraded from hold to sell due to unsustainable momentum and excessive valuation multiples. PL's Q3 revenue growth is driven almost entirely by Defense and Intelligence, with commercial and civil sectors stagnating or declining. Convertible notes pose imminent dilution risk, potentially increasing shares outstanding by 12% if current prices persist.

The Dow and S&P 500 climbed to all-time record levels. Investors seem optimistic that the Federal Reserve will keep supporting a bullish mood on Wall Street.

Planet Labs sales growth figures continued accelerating in the third quarter, with revenue rising 33% compared to last year. The company landed numerous new and expanded deals during the quarter as well.

Planet Labs ( NYSE:PL ) is up 30% in morning trading today, touching almost $17 per share after crushing third quarter earnings.

Planet Labs beat on earnings last night. The spy satellite operator is hitting its stride, and generating consistent free cash flow.