Planet Labs PBC Stock watching
On October 16, 2026, Morgan Stanley lowered its 12--month price target on Planet Labs PBC (NYSE: PL) to $19.00 from $35.00 while reiterating an "Equal--Weight" rating on the shares. Analyst Kristine Liwag noted that while underlying commercial aerospace and defense demand fundamentals remain intact, multiple compression across the high--beta space sector and tempered fiscal third--quarter 2027 revenue guidance of $101 million to $105 million warrant a more conservative valuation multiple.