Citigroup has initiated coverage on Planet Labs PBC (PL) with a Buy rating, marking the firm's first assessment of the company. This decision reflects Citigroup's analysis of Planet Labs' investment potential, considering its operational dynamics and growth prospects.
Planet Labs, headquartered in San Francisco, California, operates in the professional services industry and employs 810 full-time staff. The company, which went public on March 5, 2021, designs and operates a fleet of imaging satellites that provide critical data and insights about the Earth. Its offerings include solutions for agriculture, forestry, intelligence, education, and finance, enabling users to derive value from satellite imagery. The company's digital technology platform integrates advanced analytics and machine learning to deliver timely insights on issues such as climate change and biodiversity.
As of December 11, 2025, Planet Labs' shares are priced at $18.71, and the company boasts a market capitalization of $3.6 billion. The firm reported an earnings per share (EPS) of -0.30 for the trailing twelve months. Upcoming earnings are anticipated on June 2, 2026, with an EPS estimate of -0.03 and revenue expectations of $81.0 million.
Analyst consensus for Planet Labs indicates a majority opinion of Buy, with 4 Strong Buy, 10 Buy, and 4 Hold ratings among 18 analysts surveyed as of December 1, 2025. This update provides insight into the growing interest in Planet Labs as it navigates the evolving landscape of satellite data and analytics.