Planet Labs PBC (NYSE:PL) stock is soaring today, up 32.6% to trade at $17.16 at last glance, after the company posted breakeven earnings per share on revenue of $81.3 million, surpassing the estimated losses of 2 cents per share and revenue of $72 million. The satellite imaging and AI-focused data name also raised its 2026 revenue guidance.
In response, Wedbush reiterated its "outperform" rating and lifted its price target to $20 from $17. The firm cited strong demand for its AI-enabled applications, calling it "well-positioned at the intersection of space and AI." Deutsche bank also hiked its price target, to $17 from $16.
Gapping to record highs, PL is now up 31% in 2025. The stock also broke above recent pressure at the 50-day moving average during today's pop.
Unsurprisingly, options traders are chiming in after the event, with 44,000 calls and 12,000 puts exchanged so far -- 16 times PL's average daily options volume. The January 2026 15-strike call is the most popular contract, followed by the April 6 put.
