Escalating US-Israel-Iran conflict sparks market turmoil: airlines and cruises drop 5-7% on fuel fears, while defense firms like Lockheed soar amid rising geopolitical tensions. Oil jumps sharply.
Satellite stocks like Planet Labs, Rocket Lab, and AST SpaceMobile are rising fast as governments invest more in independent space and defense systems.
Planet Labs (PL) reports stellar Q3 results with $81.3M revenue, breaks even on EPS, and raises full-year guidance.
Planet Labs is excited to be featured in Google’s Earth AI announcement. By fusing Google’s foundation models with near-daily global satellite scans, analysis that once took hours now takes minutes — delivering fast, actionable Earth insights.
Needham raises Planet Labs price target to $16, citing strategic satellite service focus and improving profitability through 2026.
Wedbush raised its price target for Planet Labs from $11 to $17 due to impressive traction in government contracts and a strong commercial rebound, leading to a massive $735M backlog.
