Planet Labs PBC Valuation: A Closer Look Amid Recent Share Price Surge

Planet Labs PBC (PL) has seen a surge in its share price over the past month and 3 months, with a 200% 1-year total shareholder return and more than doubled 3-year total return. The stock's recent volatility invites a closer look at its fundamentals and potential challenges to its growth storyline. A closer look at the company's valuation suggests it is overvalued at its current price of $11.90, with a fair value of $11.31.