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Stock impact report

Planet Labs (PL) Soars 43% on Upbeat Outlook, PT Hike [Yahoo! Finance]

Planet Labs PBC Class A (PL) 
Company Research Source: Yahoo! Finance
Planet Labs surged by 42.8 percent week-on-week to hit a new all-time high as investors loaded portfolios after posting an upbeat outlook for its business and earning a higher price target from an investment firm. In an updated report earlier in the week, Planet Labs PBC (NYSE:PL) said that it was looking at revenues between $297 million and $301 million for the full fiscal year of 2025, higher than its earlier forecast of $281 million to $289 million. The guidance followed strong results in the third quarter of the year, during which revenues jumped by 32.4 percent to $81.2 million from $61.3 million in the same period last year, beating its earlier guidance of $71 million to $74 million. “We delivered a strong third quarter, marked by continued momentum in the business, accelerated revenue growth, and excellent progress on our profitability goals,” said Planet Labs PBC (NYSE:PL) Chairman and CEO Will Marshall. However, net loss nearly tripled to $59 million from $20 million Show less Read more
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