Jim Cramer on Planet Labs: “It’s Not a Stock You Should Chase Blindly at These Levels”
Key takeaways
- Cramer showed a pessimistic sentiment around the stock as he said:
- Planet Labs operates a fleet of Earth observation satellites and sells imagery, analytics, and intelligence to both governments and to commercial customers.
- Customers don’t just want pictures; they want answers, and they want them without having to look through millions of images every single day… It’s why the stock’s rallied more than 470% over the past 12 months.
Jim Cramer on Planet Labs: “It’s Not a Stock You Should Chase Blindly at These Levels” Syeda Seirut Javed Wed, June 17, 2026 at 11:38 PM GMT+7 2 min read PL Planet Labs PBC (NYSE:PL) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. Cramer showed a pessimistic sentiment around the stock as he said:
Next up, Planet Labs. Okay, now, this one’s all about data from space. Planet Labs operates a fleet of Earth observation satellites and sells imagery, analytics, and intelligence to both governments and to commercial customers. These satellites can cover the entire world every 24 hours. Of course, if we’re using human labor, it’s very difficult to process all that data, but with the rise of AI, Planet Labs is suddenly a lot more valuable, which is why they keep launching new analytics tools.
Customers don’t just want pictures; they want answers, and they want them without having to look through millions of images every single day… It’s why the stock’s rallied more than 470% over the past 12 months. Planet’s latest results tell the story. Revenue was up 42% year over year. Defense and intelligence grew more than 65%. The remaining performance obligation was up 81%, and their backlog increased by 72%.