10:42 AM EDT, 03/20/2026 (MT Newswires) -- Planet Labs' (PL) defense and intelligence unit continues to drive growth as the company sees tailwinds in the geopolitical space, driving mission-critical demand globally, Wedbush said in a Friday research report.

Fiscal 2026 was the first full year of positive adjusted earnings before interest, taxes, depreciation, and amortization as the company balances disciplined investment behind the market opportunity ahead with a focus on operating leverage, according to the note.

The company views artificial intelligence as the next phase of value creation in the commercial sector as its data archive serves as foundational infrastructure for AI models, analysts wrote.

The company intends to capitalize on its government pipeline while growing its AI-enabled commercial offerings, the brokerage stated.

The brokerage said it reiterated its outperform rating on the stock and raised its price target to $40 per share from $30.

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