Planet Labs PBC (PL): Among the Best Aerospace Stocks to Buy Right Now

Planet Labs PBC (NYSE:PL) is among the 12 Best Aerospace Stocks to Buy Right Now. As of the close on April 2, the stock is a Strong Buy with a slight average downside potential of 3%.

Planet Labs PBC (PL): Among the Best Aerospace Stocks to Buy Right Now

Photo from Planet Labs website

On March 27, Deutsche Bank analyst Edison Yu hiked the price target on the stock to $38 from $17, while maintaining a Buy rating. According to a report on TipRanks, the firm told clients in a research note that the company was ‘sitting uniquely at the intersection’ of space and artificial intelligence.

The update followed Morgan Stanley’s adjustment on Planet Labs PBC (NYSE:PL) on March 25 when it lifted the price target to $35 from $26 and reiterated an Equal-Weight rating.

In a research note to investors, the bank noted strong momentum across Defense and Intelligence and Satellite services, coupled with a strong growth in backlog, which reached $900 million at the end of fiscal 2026. However, the firm added that investments were squeezing margins, which would impact profitability in the near term.

Planet Labs PBC (NYSE:PL) provides global, daily satellite imagery and geospatial solutions. The stock has returned nearly 76% year-to-date, as of the close on April 2.

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