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 $9.75, down 1.12% from the previous day, and has increased 359.91% in one year. It has overperformed other stocks in the Aerospace & Defense industry by 3.34 percentage points. Planet Labs stock is currently +382.67% from its 52-week low of $2.02, and -3.56% from its 52-week high of $10.11.
At the moment, there are 307.92M PL shares outstanding. The market capitalization of PL is $3.00B. In the last 24 hours, 7.89M PL shares were traded.
How to Buy Planet Labs Stock
Not sure how to invest in Planet Labs stock? Here's how.
- Figure out where to buy Planet Labs stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine 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: Select your payment method and add your details.
- 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 website can help you understand 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 stock at a given price.
- Monitor your PL investment: Create a watchlist to keep tabs on your position in Planet Labs stock.
Step 1: Figure out where to buy Planet Labs stock
You will need an online brokerage account to access the NYSE market and buy PL shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal information so you can buy PL today.
How to Set Up a New Investment 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.
- Input your personal info to start a new trading account.
- Submit your information by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your investment account
Now that you've created your account on the best free stock trading app, you can securely and quickly fund your account:
Watch the walkthrough below if you need help depositing funds into your investment account.
Step 4: Evaluate Planet Labs stock
Once you have selected the best place to buy Planet Labs stock, it's absolutely critical to analyze their stock before you buy, so you can comprehend the risk as well as the opportunity.
Planet Labs Metrics
Planet Labs Due Diligence Checks
WallStreetZen was built to help part-time investors do better fundamental analysis quickly.
You can view all of the due diligence checks on PL's stock page.
Is PL stock undervalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge PL's intrinsic value.
Using relative valuations ratios:
- PL may be overvalued based on its P/B ratio of 6.89x, relative to Aerospace & Defense industry P/B ratio of 6.66x
You can do more valuation research on PL's stock here.
A look at PL Cashflows and Balance Sheet
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the PL balance sheet.
- PL's operating cash flow of $82.90M allows it to safely service it's debt of $17.54M.
- There are more short-term assets than short-term liabilities on the PL balance sheet.
Negative Financial Indicators:
- PL has a relatively high debt to equity ratio of 0.6.
- PL earnings of -$87.91M is not enough to cover its interest payments.
- PL profit margin has gone up by 0.23 percentage points in the past year, but the company is still unprofitable.
Is it a good time to buy Planet Labs stock, according to Wall Street analysts?
Out of 9 sell side analysts who track PL, the consensus analyst rating on PL is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent PL Analyst Forecasts
Colin Canfield, a top 26% analyst from Cantor Fitzgerald maintains PL with a strong buy rating and raises their PL price target from $6.30 to $8.50, on Jun 24, 2025.
Jason Gursky, a top 3% analyst from Citigroup maintains PL with a strong buy rating and raises their PL price target from $5.00 to $7.00, on Jun 6, 2025.
Daniel Ives, a top 1% analyst from Wedbush maintains PL with a buy rating and raises their PL price target from $5.00 to $7.00, on Jun 5, 2025.
Noah Poponak, a top 21% analyst from Goldman Sachs downgrades PL to a hold rating and lowers their PL price target from $6.00 to $3.50, on Apr 11, 2025.
You can dive deeper into what analysts are saying on the Planet Labs stock forecast page.
PL Momentum
PL Growth Metrics
Last year, PL revenue was $262.47M. Over the past four year, PL's revenue has grown by 21.64% per year. This was faster than the Aerospace & Defense industry average of 9.43%.
Dig into PL's earnings and revenue performance here.
Latest Insiders Trades at PL
Over the last 12 months, 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 $458,608.74 worth of PL shares on Jun 15, 2025.
Research more about who owns PL stock here.
Can I rely on PL as an income stream?
No, Planet Labs doesn't provide an income stream by paying out dividends.
Get opinions from other traders
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
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Step 5: Place your PL buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually the easiest way to buy. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price limit, use a limit order.
Hit the Open button and your broker will execute your order.
If you need more assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Monitor your PL investment
Now that you own some PL shares, you'll want to stay up-to-date on your investment.
Add PL to a watchlist to track the latest developments regarding your PL stock.
PL Feed
How to Buy Stock in Planet Labs
To reiterate, here are the 6 steps to buy Planet Labs stock:
- 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 need a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your investment in Planet Labs, create a watchlist on WallStreetZen today.
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