Planet Labs PBC Stock watching
On October 20, 2026, investment bank Berenberg reiterated its "Buy" rating on Planet Labs PBC (NYSE: PL) with a price target of $25.00, pointing to substantial upside potential from its trading levels around $13.50. Berenberg analyst Michael Filatov reaffirmed the positive stance following investor meetings with Planet Labs President and Chief Financial Officer Ashley Johnson and Senior Vice President of Finance Tina Hristova. The bank identified three core pillars supporting the company's valuation: strong economics and high contract renewability in dedicated satellite services, resilient demand across sovereign and defense clients, and artificial intelligence--driven expansion into commercial sectors. Berenberg characterized the recent pressure on the equity as a macroeconomic multiple compression driven by interest rates rather than fundamental operational weakness.