Shares of Rocket Lab Corporation (NASDAQ:RKLB – Get Free Report) shot up 1.4% during trading on Wednesday after Cantor Fitzgerald raised their price target on the stock from $96.00 to $122.00. Cantor Fitzgerald currently has an overweight rating on the stock. Rocket Lab traded as high as $82.20 and last traded at $81.17. Approximately 16,548,612 shares traded hands during trading, a decline of 31% from the average daily volume of 24,118,980 shares. The stock had previously closed at $80.01.
A number of other research analysts have also commented on the stock. TD Cowen raised their price objective on shares of Rocket Lab from $90.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Bank of America increased their price target on Rocket Lab from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. New Street Research assumed coverage on Rocket Lab in a research note on Wednesday, May 13th. They issued a “buy” rating and a $150.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $120.00 price objective on shares of Rocket Lab in a report on Tuesday, June 30th. Finally, BTIG Research reaffirmed a “hold” rating on shares of Rocket Lab in a report on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $110.65.
Read Our Latest Analysis on Rocket Lab
Insider Transactions at Rocket Lab
Key Rocket Lab News
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Rocket Lab reported record second-quarter revenue of approximately $234 million, up 62% year over year and ahead of Wall Street expectations. Its backlog reached $2.36 billion, up 137%, while third-quarter revenue guidance of $250 million to $265 million was above consensus. Rocket Lab reports record Q2 revenue above estimates as loss widens
- Positive Sentiment: Analysts raised their views following the results. Cantor Fitzgerald lifted its target to $122 with an overweight rating, while Citizens JMP reaffirmed a $130 target; the broader analyst median cited in the reports is about $120. Rocket Lab Hits Record Revenue As Neutron Targets Q4 Debut
- Positive Sentiment: New strategic initiatives expand Rocket Lab’s long-term opportunity. The company secured a dedicated Neutron launch contract with Kepler for no earlier than 2028, announced the deployable GHOST launch system and established Rocket Lab Germany to support European satellite manufacturing and sovereign launch capabilities. Rocket Lab Selected by Kepler Communications for Dedicated Neutron Launch Mission
- Neutral Sentiment: ARK Invest bought approximately $23 million of RKLB shares, providing a notable vote of confidence from Cathie Wood, although the purchase does not change the company’s fundamentals. Cathie Wood Bets $23M on Rocket Lab
- Negative Sentiment: Rocket Lab’s quarterly loss widened to $0.08 per share, missing consensus estimates, while management’s third-quarter gross-margin outlook of 29% to 31% was below expectations. Heavy Neutron investment is increasing near-term profitability pressure. Rocket Lab Reports Q2 Revenue Beat, Record Backlog
- Negative Sentiment: The anticipated Neutron debut may slip from 2026 into 2027. Because Neutron is viewed as Rocket Lab’s most important growth catalyst, the softer timeline has outweighed otherwise strong operating results for some investors. Rocket Lab’s Highly Anticipated Neutron Flight May Be Delayed
- Negative Sentiment: Valuation remains a risk after the stock’s substantial rebound. Reports also highlight extensive insider selling, including sales by CEO Peter Beck, which may reinforce concerns that growth expectations are already priced into RKLB shares. Rocket Lab: 36x Forward P/S Looks Like a Valuation Trap
Institutional Trading of Rocket Lab
Several large investors have recently added to or reduced their stakes in RKLB. Swedbank AB lifted its holdings in Rocket Lab by 8.2% during the 4th quarter. Swedbank AB now owns 509,250 shares of the rocket manufacturer’s stock worth $35,525,000 after buying an additional 38,770 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Rocket Lab by 13.4% in the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock valued at $3,308,033,000 after buying an additional 5,610,469 shares during the period. Katamaran Capital LLP raised its position in shares of Rocket Lab by 86.2% during the first quarter. Katamaran Capital LLP now owns 19,808 shares of the rocket manufacturer’s stock worth $1,272,000 after acquiring an additional 9,172 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of Rocket Lab by 6.3% during the fourth quarter. Westfield Capital Management Co. LP now owns 2,592,443 shares of the rocket manufacturer’s stock worth $180,849,000 after acquiring an additional 154,623 shares during the last quarter. Finally, Y.D. More Investments Ltd bought a new position in Rocket Lab in the first quarter valued at about $642,000. 71.78% of the stock is owned by institutional investors and hedge funds.
Rocket Lab Stock Performance
The firm has a fifty day moving average of $87.16 and a 200-day moving average of $85.63. 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 firm has a market cap of $46.98 billion, a P/E ratio of -300.62 and a beta of 2.60.
Rocket Lab (NASDAQ:RKLB – Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.02). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 8.09%. The business had revenue of $234.07 million during the quarter, compared to analyst estimates of $231.62 million. Research analysts predict that Rocket Lab Corporation will post -0.26 earnings per share for the current fiscal 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.
Featured Stories
- Five stocks we like better than Rocket Lab
- GE Vernova’s AI Power Boom Faces a Profit Test
- Cardinal Health Earnings: Can Perfection Get Priced In Twice?
- Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
- Legacy Jet Builders Stall While Embraer Accelerates to New Highs
Receive News & Ratings for Rocket Lab Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Lab and related companies with MarketBeat.com's FREE daily email newsletter.
