How to Buy Planet Labs Stock
Planet Labs PBC
Planet Labs is a defense company located in Nevada, United States, which is part of the Industrials sector, and is traded under the ticker PL on the NYSE exchange.
Planet Labs stock last closed at $5.37, down 1.65% from the previous day, and has increased 182.63% in one year. It has overperformed other stocks in the Aerospace & Defense industry by 1.54 percentage points. Planet Labs stock is currently +210.4% from its 52-week low of $1.73, and -19.97% from its 52-week high of $6.71.
At the moment, there are 303.43M PL shares outstanding. The market cap of PL is $1.63B. In the past 24 hours, 8.4M PL shares were traded.
How to Buy Planet Labs Stock
Wondering how to invest in Planet Labs stock? Here's how.
- Figure out where to buy Planet Labs stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you choose where to buy Planet Labs stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit funds into your investment account: Choose your payment method and add your info.
- Evaluate Planet Labs stock: The Planet Labs ticker symbol is PL. Is Planet Labs stock a good investment? Should you buy shares of PL? How do PL's underlying business fundamentals look? Do top analysts think Planet Labs is a good buy? Why has PL's stock price moved recently? (Hint: Our stock market research tools can help you decide if PL is a good stock to buy).
- Place your PL buy order: Decide if you will purchase PL shares at the current market price or use a limit order to purchase PL shares at a specific price.
- Monitor your PL investment: Create a watchlist to important updates regarding your new investment in Planet Labs shares.
Step 1: Figure out where to buy Planet Labs stock
You will need a brokerage account in order to access the NYSE market and buy PL shares.
Our recommended brokerage: eToro
In our opinion, eToro is the best place to buy stocks. eToro gives you:
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- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by opening an account with eToro today. This offer is only for US users.
Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, it's time to fill out some personal information so you can buy PL stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal details to start a new trading account.
- Submit your details by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've finished signing up on one of the best stock apps, you need to deposit funds:
Check out the video below to see the process of transferring money into your brokerage account.
Step 4: Evaluate Planet Labs stock
After you have decided on the best place to buy Planet Labs stock, it's crucial to evaluate their stock prior to investing, so you actually comprehend the risk as well as the upside.
Planet Labs Numbers
PL Due Diligence Checks
WallStreetZen was built to help part-time investors perform more in-depth fundamental analysis in less time.
You can view all of the due diligence checks on PL's stock page.
Is PL stock overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge PL's intrinsic value.
Using relative valuations measures:
- PL may be undervalued based on its P/B ratio of 3.66x, relative to Aerospace & Defense industry P/B ratio of 6.48x
You can do more valuation research on PL's stock here.
PL Financial Health Summary
Positive Financial Indicators:
- PL has $232.70M in cash and short term investments. This is sufficient to cover its annual cash burn of $41.72M.
- There are more short-term assets than short-term liabilities on the PL balance sheet.
- PL has cash burn of 41720000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the PL balance sheet.
Negative Financial Indicators:
- PL profit margin has gone up by 0.17 percentage points in the past year, but the company is still unprofitable.
- PL has a relatively high debt to equity ratio of 0.48.
Do Wall Street analysts think it's a good time to buy PL stock
Out of 9 Wall Street analysts who monitor PL, the consensus analyst rating on Planet Labs is a Strong Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest PL Analyst Upgrades/Downgrades
Colin Canfield, a top 30% analyst from Cantor Fitzgerald reiterates PL with a strong buy rating and maintains their PL price target from $6.30 to $6.30, on Mar 21, 2025.
Josh Sullivan, a top 1% analyst from Benchmark maintains PL with a strong buy rating and raises their PL price target from $4.00 to $7.00, on Feb 5, 2025.
Benchmark's Josh Sullivan raised their price target on Planet Labs (NYSE: PL) by 75% from $4 to $7 on 2025/02/05. The analyst maintained their Strong Buy rating on the stock.
While names in the Commercial Space sector have had a post-election surge, valuations for the group as a whole differ, Sullivan backgrounded.
The analyst said that Planet Labs is "entering an interesting stage," pointing to the company's recent progress towards EBITDA break-even, its "consistently controlled costs/burn," and the new contracting flow it is seeing.
Michael Latimore, a bottom 9% analyst from Northland Securities maintains PL with a buy rating and raises their PL price target from $5.00 to $7.00, on Jan 30, 2025.
Edison Yu, a bottom 2% analyst from Deutsche Bank maintains PL with a strong buy rating and raises their PL price target from $4.00 to $4.50, on Dec 17, 2024.
You can dive deeper into what analysts are forecasting on the Planet Labs stock forecast page.
PL Trading Indicators
PL Earnings
Last year, PL revenue was $250.18M. In the last 3 year, PL's revenue has grown by 92.64% per year. This was faster than the Aerospace & Defense industry average of 8.53%.
Learn more about PL's earnings and revenue performance here.
Latest Insiders Trades at PL
Over the past year, executives and large shareholders at PL have sold more shares than they have bought.
Ashley F. Johnson, President CFO of PL, was the latest PL insider to sell. They sold $211,482.72 worth of PL shares on Mar 20, 2025.
Dig into more about who owns PL shares here.
Can I rely on PL as an income stream?
No, Planet Labs doesn't provide an income stream by paying out dividends.
PL Social Trading Data
One of the reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other community members have to say.
Step 5: Place your PL buy order
There are two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally sufficient. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open Trade button and your broker will execute your order.
If you require more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Monitor your PL investment
Now that you own some shares in PL, you'll want to keep up with your new company.
Start a watchlist to keep track of your PL stock.
PL Feed
How to Buy Stock in Planet Labs
To summarize, here are the 6 steps you need to take to buy Planet Labs stock right now:
- Figure out where to buy Planet Labs stock
- Open a brokerage account
- Deposit funds into your investment account
- Evaluate Planet Labs stock
- Place your PL buy order
- Monitor your PL investment
If you are looking for a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Planet Labs, hit the button below to create your watchlist.
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