Rocket Lab Corporation (NASDAQ:RKLB – Get Free Report) has received an average rating of “Moderate Buy” from the twenty-one research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $102.7647.
Several brokerages have issued reports on RKLB. KeyCorp upgraded Rocket Lab from a “sector weight” rating to an “overweight” rating and set a $135.00 target price for the company in a report on Monday, June 15th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Rocket Lab in a report on Wednesday, May 27th. Wells Fargo & Company initiated coverage on Rocket Lab in a report on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 price target for the company. Roth Mkm increased their price target on Rocket Lab from $90.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, April 17th. Finally, Craig Hallum upgraded Rocket Lab from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Friday, May 8th.
Check Out Our Latest Stock Analysis on RKLB
Insiders Place Their Bets
Hedge Funds Weigh In On Rocket Lab
A number of hedge funds have recently modified their holdings of the business. Western Wealth Management LLC grew its holdings in shares of Rocket Lab by 4.6% during the 1st quarter. Western Wealth Management LLC now owns 4,088 shares of the rocket manufacturer’s stock worth $263,000 after purchasing an additional 180 shares during the period. Parallel Advisors LLC lifted its stake in Rocket Lab by 16.1% during the 1st quarter. Parallel Advisors LLC now owns 3,033 shares of the rocket manufacturer’s stock worth $195,000 after acquiring an additional 421 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Rocket Lab by 2.3% during the 1st quarter. NewEdge Advisors LLC now owns 48,567 shares of the rocket manufacturer’s stock worth $3,119,000 after acquiring an additional 1,076 shares in the last quarter. Glenmede Trust Co. NA lifted its stake in Rocket Lab by 3.4% during the 1st quarter. Glenmede Trust Co. NA now owns 8,656 shares of the rocket manufacturer’s stock worth $556,000 after acquiring an additional 282 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Rocket Lab by 8.5% during the 1st quarter. Janus Henderson Group PLC now owns 198,013 shares of the rocket manufacturer’s stock worth $12,715,000 after acquiring an additional 15,558 shares in the last quarter. 71.78% of the stock is currently owned by hedge funds and other institutional investors.
Trending Headlines about Rocket Lab
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Rocket Lab is being added to the Nasdaq-100, a move that could bring steady institutional buying from passive funds and ETFs tracking the index. Why Rocket Lab’s Nasdaq-100 Moment Could Change the Story
- Positive Sentiment: The company passed a key SDA review, supporting the credibility of its space systems and defense business expansion. Rocket Lab (RKLB) Passes Key SDA Review As Nasdaq 100 Inclusion Reshapes Its Story
- Positive Sentiment: Recent commentary continues to highlight Rocket Lab’s strong fundamentals, including record quarterly revenue and a large backlog, which support the long-term growth narrative. Rocket Lab (RKLB) Stock Falls 30% Despite Record Q1 Results and Nasdaq-100 Entry
- Neutral Sentiment: Analyst and media commentary continues to frame RKLB as a high-growth space stock with meaningful upside, but also a relatively rich valuation after a sharp run. Price Prediction: Rocket Lab Will Hit $150 on This Date
- Negative Sentiment: SVP Arjun Kampani sold 88,000 shares worth about $9.5 million, and the insider sale has added to profit-taking concerns. Rocket Lab (NASDAQ:RKLB) SVP Sells 88,000 Shares
Rocket Lab Price Performance
Shares of NASDAQ:RKLB opened at $107.24 on Monday. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02. The business has a fifty day moving average of $105.58 and a two-hundred day moving average of $83.31. The stock has a market cap of $62.07 billion, a P/E ratio of -335.13 and a beta of 2.49. Rocket Lab has a 52-week low of $27.84 and a 52-week high of $151.00.
Rocket Lab (NASDAQ:RKLB – Get Free Report) last issued its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). The company had revenue of $200.35 million during the quarter, compared to analysts’ expectations of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The firm’s quarterly revenue was up 63.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.12) EPS. On average, research analysts expect that Rocket Lab will post -0.29 earnings per share for the current year.
Rocket Lab Company Profile
Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.
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