Planet Labs PBC Stock watching
On June 5, 2026, Citigroup upgraded Planet Labs PBC (NYSE: PL) to a "Buy" rating from "Neutral," raising the price target to $45.00. The upgrade follows the company's strong Q1 fiscal 2027 results and a record $906 million contracted backlog, which analysts believe provides exceptional revenue visibility and validates the company's transition toward high--margin, AI--driven geospatial analytics.