Planet Labs Inc. (PL) jumped 43% in after-hours trading following a positive earnings outlook and an upgraded price target from analysts. The space technology company reported accelerating revenue growth and expanding customer demand across defense, environmental monitoring, and commercial sectors.
- Planet Labs (PL) stock rose 43% following earnings release and analyst upgrades
- Q3 revenue reached $108 million, up 27% from the same period last year
- New customer acquisitions grew 35%, with significant gains in government and defense sectors
- Price targets increased by an average of 30% across major brokerage firms
- Subscription revenue accounted for 78% of total revenue, reflecting strong recurring business
- Company raised full-year revenue guidance to $435 million, up from prior forecast of $410 million
Planet Labs (PL) saw its stock climb 43% in after-hours trading on December 14, 2025, after announcing a stronger-than-expected financial outlook and receiving a price target increase from multiple research firms. The company reported third-quarter revenue of $108 million, a 27% year-over-year increase, driven by higher demand for its Earth observation data and analytics platform. Management highlighted a 35% growth in new customer acquisitions, particularly in government and defense contracts, where subscription volumes rose sharply.