Planet Labs (NYSE:pl) is one of the high short-term interest stocks to buy right now. On Dec. 4, Clear Street analyst Greg Pendy raised his company’s price target on Planet Labs to $14 from $12 and maintained a Buy rating on the stock. The company raised its revenue guidance for Planet Labs for fiscal 2028 to $445 million, up from a previous estimate of $422 million. In anticipation of the company’s third-quarter 2026 earnings report, Clear Street is applying a higher valuation multiple to this elevated projection.
In other news, on November 18, Planet Labs Germany GmbH, part of Planet Labs, announced a partnership focused on jointly soliciting customer interest in AI-enabled ‘Tip & Cue’ intelligence solutions, specifically targeting defense customers in Europe. This collaboration aims to improve efficiency by merging Planet’s wide-area satellite change detection and very high resolution/VHR tasks with Quantum Systems’ high-precision reconnaissance solutions.
The main objective of the joint solutions is to support European defense priorities using the companies’ existing European footprints to address the urgent need for complementary and action-oriented intelligence. The goal is to go beyond simply delivering data and provide concrete operational value, with the ultimate goal of helping European nations ensure peace and stability. Both companies have already critically supported Ukraine’s defense efforts.
Planet Labs (NYSE:PL) designs, builds and launches satellite constellations intended to provide high-cadence geospatial data delivered to customers via an online platform in the US and internationally.
While we recognize 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’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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Disclosure: None. This article was originally published in privileged monkey.