On September 17, Planet Labs Pbc rose 5.59% in regular trading, trading at $16.8842/share, with turnover of approximately $38.97 million. The stock continued to benefit from a series of positive catalysts that have been fueling investor sentiment in recent sessions.

The company previously reported fiscal Q2 revenue of $116.1 million, representing a 58% year-over-year increase and significantly exceeding the analyst consensus estimate of $104.5 million. Adjusted EPS came in at $0.02, swinging to profitability from a loss of $0.01 per share in the prior-year period. Full-year fiscal 2027 revenue guidance was set at $430 million to $441 million, largely in line with the FactSet estimate of $435.8 million.

Meanwhile, New Street upgraded the stock from Sell to Neutral with a $22 price target, while Berenberg initiated coverage with a Buy rating and a $25 target. Additionally, the company signed a seven-figure, one-year contract with a European defense and intelligence client and is reportedly exploring expansion into data center monitoring, further broadening its commercial outlook.

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