Planet Labs PBC (PL) Unveils Advisory Boards for Strategic Expansion and Partnerships

Planet Labs PBC (NYSE:PL) is one of the high-growth industrial stocks to buy. On February 13, Planet Labs PBC (NYSE:PL) announced the formation of two advisory boards as it eyes strategic expansion and partnerships. The satellite imagery company confirmed the formation of a European Advisory Board and a Defense and Intelligence Advisory Board.

The European Advisory Board is to pursue strategic expansion opportunities in Europe. It will also focus on ensuring the company navigates the European policy landscape swiftly. On the other hand, the Defense and Intelligence Advisory Board is to provide counsel as Planet Labs develops solutions for national security and intelligence agencies.

The formation of the advisory boards comes on the heels of Planet Labs inking a strategic partnership with AXA Digital Commercial Platform. The two are joining forces to integrate satellite imagery into AXA’s risk management system to support monitoring of natural disasters. Planet Labs has carved out a niche by operating the largest Earth observation fleet of imaging satellites.

Earlier on January 29, Craig Hallum reiterated Planet Labs PBC as a Buy and increased the stock’s price target to $33 from $30. The price target hike is in response to differentiating factors in Planet Labs’ business model, including advanced AI implementation and a cost-to-performance ratio.

Planet Labs PBC (NYSE:PL) is an Earth-imaging company that operates a massive constellation of satellites to image the entire Earth’s landmass daily. It provides high-frequency satellite data, geospatial solutions, and AI-driven analytics to industries like agriculture, defense, finance, and government to track environmental, economic, and infrastructure changes.

While we acknowledge the potential of PL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.