Planet Labs (NYSE:PL) is one of the high short interest stocks to buy right now. On December 4, Clear Street analyst Greg Pendy raised the firm’s price target on Planet Labs to $14 from $12 and kept a Buy rating on the shares. The firm increased its revenue projection for Planet Labs for FY2028 to $445 million, up from a previous estimate of $422 million. In anticipation of the company’s FQ3 2026 earnings report, Clear Street is applying a higher valuation multiple to this raised projection.
In other news, on November 18, Planet Labs Germany GmbH, which is a part of Planet Labs, announced a partnership focused on jointly soliciting customer interest for AI-enabled ‘Tip & Cue’ intelligence solutions, specifically targeting defense customers within Europe. This collaboration aims to enhance efficiency by merging Planet’s wide-area satellite change detection and Very High Resolution/VHR tasking with Quantum Systems’ high-precision reconnaissance solutions.
The primary objective of the joint solutions is to support European defense priorities by using the companies’ existing European footprints to address the urgent need for complementary, action-oriented intelligence. The goal is to move beyond simple data delivery and provide concrete operational value, with the ultimate purpose of helping European nations secure peace and stability. Both companies have already been critical supporters of Ukraine’s defense efforts.
Planet Labs (NYSE:PL) designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform in the US and internationally.
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.
