Planet Labs PBC Stock watching
On July 17, 2026, J.P. Morgan reiterated an "Overweight" rating on Planet Labs PBC (NYSE: PL) with a price target of $45.00, following a significant share price decline. Analysts described the recent sell--off as "overdone," pointing to the company's substantial contract backlog and the operational scaling of the Pelican constellation as primary growth drivers. The firm maintains that Planet's trajectory toward GAAP profitability is supported by strong demand in the defense and intelligence sectors, alongside high--margin commercial data renewals.