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Stock impact report

Assessing Planet Labs (PL) Valuation After Swedish Armed Forces Contract And Satellite Services Momentum [Yahoo! Finance]

Planet Labs PBC Class A (PL) 
Company Research Source: Yahoo! Finance
Planet Labs PBC (PL) just signed a multi year, low 9 figure agreement with the Swedish Armed Forces, its third satellite services contract in a year. This puts government demand for its Earth observation platform in focus for investors. See our latest analysis for Planet Labs PBC. At a share price of $26.94, Planet Labs has a 30 day share price return of 32.58% and a 90 day share price return of 97.94%, while its one year total shareholder return is about 4x, suggesting strong momentum despite a recent 6.39% 7 day share price pullback and insider selling activity following the Swedish Armed Forces contract and SPAC earnout share vesting. If this kind of contract win has caught your attention, it could be a good moment to widen the lens and check out high growth tech and AI stocks as potential next ideas. With revenue growing at 23.9% annually but the company still reporting a net loss of $129.6 million, and the share price now above the average analyst target, the key questio Show less Read more
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