Why These 15 Defense Stocks Are Skyrocketing So Far In 2025

5. Planet Labs PBC (NYSE:PL)

Number of Hedge Fund Holders In Q4 2024: 19

Planet Labs PBC (NYSE:PL) makes Earth-imaging satellites.

The stock is up significantly so far in 2025 after it secured its largest contract to date with an Asia-Pacific partner for $230 million. This agreement involves building and deploying its Pelican high-resolution satellite fleet and providing the partner with priority access to the data. The deal is expected to add approximately $33 million in annual revenue over seven years.

Moreover, Planet Labs became part of the European Space Agency’s Copernicus Contributing Missions. Multiple analysts have raised their price targets as well.

In Q3 FY2025, Planet reported record revenue of $61.3 million, an 11% year-over-year increase. Gross margins improved significantly, and net losses narrowed from $38 million to $20.1 million compared to Q3 FY2024. The company also maintained a strong cash position of $242 million with no debt.

The consensus price target of $6.27 implies 17.4% upside.

PL stock is up 32.80% year-to-date.