Analyst raises PL target amid accelerating execution in defense, satellite infrastructure, and AI-driven commercial expansion.
Wedbush Securities increased its price target for Planet Labs PBC (PL) to $50 from $40, maintaining an Outperform rating ahead of quarterly results. The firm cited accelerating execution in its Defense & Intelligence segment and growth in next-generation satellite infrastructure and AI-driven commercial applications.
Planet Labs has attracted stakes from 50 hedge funds and recently secured a seven-figure contract with the Czech Republic to provide satellite imagery and AI-powered analytics for agricultural monitoring. The company’s large-scale satellite fleet and government relationships position it at the intersection of space and artificial intelligence industries.
The new target reflects confidence in PL’s expanding European opportunities and its capabilities in real-world AI model training, supported by partnerships like the one with Asseco Group.