Why Planet Labs PBC’s (PL) Stock Is Down 5.21%

By Cynthia McLaughlin
April 16, 2026
Featured Tickers:
PL

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Planet Labs PBC before investing.

In this article, we go over a few key elements for understanding Planet Labs PBC’s stock price such as:

  • Planet Labs PBC’s current stock price and volume
  • Why Planet Labs PBC’s stock price changed recently
  • Upgrades and downgrades for PL from analysts
  • PL’s stock price momentum as measured by its relative strength

About Planet Labs PBC (PL)

Before we jump into Planet Labs PBC’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Planet Labs PBC engages in the design, construction, and launch of constellations of satellites with the intent of providing high-cadence geospatial data delivered to customers through an online platform in the United States and internationally. The company offers SuperDove satellites to create an always-online scanner for the planet, with the goal of imaging the Earth every day at a ground sampling distance (GSD) resolution of up to 3.5 meters. This combines planet monitoring with other scientific-grade radiometric data from public satellite data programs; and SkySat and Pelican satellites to capture a specified location several times per day, achieving a GSD resolution of up to 50 centimeters after processing, powered by an application programming interface. It also provides Tanager, a hyperspectral imaging satellite that delivers full-spectrum imagery across the visible and shortwave infrared regions, and the Earth Observation platform, which enables customers and partners to access, analyze, and act on its proprietary data catalog by discovering image tasking capacity, relevant data layers, extracting useful information, and delivering insights through custom-built solutions or GIS workflows via APIs and browser-based applications. In addition, the company’s satellite services arrangements include designing and manufacturing customer-owned satellites, mission systems engineering, launch procurement, ground station infrastructure, satellite operations, and maintenance, as well as dedicated image tasking capacity on company-owned or customer-owned satellites. It serves agriculture, mapping, energy, forestry, finance, and insurance companies, as well as government agencies. Planet Labs PBC was founded in 2010 and is headquartered in San Francisco, California.

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Planet Labs PBC’s Stock Price as of Market Close

As of April 16, 2026, 3:32 PM, CST, Planet Labs PBC’s stock price was $39.910.

Planet Labs PBC is up 15.98% from its previous closing price of $34.410.

During the last market session, Planet Labs PBC’s stock traded between $34.925 and $40.030. Currently, there are approximately 317.37 million shares outstanding for Planet Labs PBC.

Planet Labs PBC’s trailing earnings per share are negative, so the stock does not have a meaningful P/E ratio. We suggest investors evaluate other financial metrics to understand its overall valuation.

Planet Labs PBC Stock Price History

Planet Labs PBC’s (PL) price is currently up 42.79% so far this month.

During the month of April, Planet Labs PBC’s stock price has reached a high of $40.030 and a low of $28.520.

Over the last year, Planet Labs PBC has hit prices as high as $38.210 and as low as $2.920. Year to date, Planet Labs PBC’s stock is up 102.38%.

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What Caused Planet Labs PBC Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of April 15, 2026,, no analysts have changed their rating of Planet Labs PBC’s stock over the last month.

Additionally, you'll want to evaluate Planet Labs PBC’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Planet Labs PBC’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Planet Labs PBC’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Planet Labs PBC (PL) by visiting AAII Stock Evaluator.

Relative Price Strength of Planet Labs PBC

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 15, 2026, Planet Labs PBC has a weighted four-quarter relative price strength of 64.16%, which translates to a Momentum Score of 98 and is considered to be Very Strong.

Want to learn more about how Planet Labs PBC is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Planet Labs PBC Stock Price: Bottom Line

As of April 16, 2026, Planet Labs PBC’s stock price is $39.910, which is up 15.98% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Planet Labs PBC stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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