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%.

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.

While we acknowledge the potential of PL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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