B+
Bull case
25%
Probability
Target price
$24.00
Analysis reference price unavailable
Analysis 2026-09-17 · RankAlpha Sentiment Codex
PL
Planet Labs PBCBNYSE / Commercial & Professional Services
Last Price
Quote time unavailable
Current thesis
Record Q2 revenue of $116.1 million, 58% year-over-year growth, 98% recurring ACV, positive adjusted EBITDA, and $865.4 million of cash and short-term investments indicate improving scale and substantial financial flexibility. Contracted backlog and sovereign satellite-services wins provide additional growth visibility [#SEC-8K-2026-09-03].
Posture
Constructive
Lead driver
Sentiment
What changed
Sentiment remains the lead driver in the composite, 7D delta +1.3.
What can break
Backlog declined from more than $906 million in Q1 to approximately $814.9 million in Q2, and RPO fell from $816 million to $753.1 million [#SEC-8K-2026-06-04] [#SEC-8K-2026-09-03].
Momentum
5
Value
37
Sentiment
88
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $18.00 · Bull $24.00 · Bear $10.00Analysis 2026-09-17; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-09-17 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-10-23
Investment thesis
As of 2026-10-23
Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions
Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $30.36
Why
Momentum5 · Δ7d -0.0
Value37 · Δ7d -0.0
Sentiment88 · Δ7d +1.3
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Confirming evidence
- • Sentiment remains the lead driver in the composite, 7D delta +1.3.
Contradictions & invalidation
- • Backlog declined from more than $906 million in Q1 to approximately $814.9 million in Q2, and RPO fell from $816 million to $753.1 million [#SEC-8K-2026-06-04] [#SEC-8K-2026-09-03].
- • Multiple insiders executed open-market sales in July, including the CEO and CFO; the filings establish selling activity but not its motivation [#SEC-FORM4-2026-07-13] [#SEC-FORM4-2026-07-24].
- • Backlog and RPO declined sequentially from Q1, non-GAAP gross margin remained below the prior-year level, and Planet still recorded a GAAP net loss.
Catalyst clock
2026-12-31
Margin and adjusted EBITDA durability after record Q2
Lead driver: Sentiment · See AI snapshot
Momentum
5
8% active weight
Current posture
7d trendImproving
Δ7d
-0.0
Δ21d
+2.0
Value
37
47% active weight
Current posture
7d trendFlat
Δ7d
-0.0
Δ21d
+0.1
Sentiment
88
45% active weight
Current posture
7d trendImproving
Δ7d
+1.3
Δ21d
+26.7
Why this grade
Composite grade B. Momentum 5.3 / Value 37.1 / Sentiment 87.9
Scenario snapshot
Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-09-17. Scenario method
Most likely
B
Base case
50%
Probability
Target price
$18.00
Analysis reference price unavailable
Analysis 2026-09-17 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$10.00
Analysis reference price unavailable
Analysis 2026-09-17 · RankAlpha Sentiment Codex
Fundamentals (TTM)As of 2026-10-23
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$4.88B
Beta
1.94
Shares Out
363.85M
P/E (TTM) · Derived
-16.7
P/S (TTM)
23.75
P/FCF (TTM)
193.10
Rev YoY
+42.1%
EPS YoY
+854.6%
Gross Margin
+55.5%
Op Margin
-29.9%
Net Debt
-$178.25M
Current Ratio
2.80
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data