Brokerages Set Rocket Lab Corporation (NASDAQ:RKLB) Price Target at $110.65

Rocket Lab Corporation (NASDAQ:RKLB) has earned a consensus recommendation of “Moderate Buy” from the twenty-three brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, thirteen have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $108.8333.

Several brokerages recently issued reports on RKLB. KGI Securities raised Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 target price for the company in a research report on Monday, July 27th. Bank of America reduced their price target on Rocket Lab from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Monday, August 31st. Cantor Fitzgerald increased their price target on Rocket Lab from $96.00 to $122.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Stifel Nicolaus set a $132.00 price objective on Rocket Lab in a research report on Thursday, June 4th. Finally, Berenberg Bank initiated coverage on Rocket Lab in a research note on Wednesday. They issued a “buy” rating and a $83.00 price objective on the stock.

Insider Activity

In other news, CFO Adam Spice sold 140,157 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $62.63, for a total value of $8,778,032.91. Following the transaction, the chief financial officer owned 1,155,967 shares in the company, valued at approximately $72,398,213.21. The trade was a 10.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Peter Beck sold 1,298,622 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $84.92, for a total transaction of $110,278,980.24. Following the completion of the sale, the chief executive officer directly owned 2,715,181 shares in the company, valued at approximately $230,573,170.52. This represents a 32.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 3,624,371 shares of company stock worth $312,944,881. 8.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Rocket Lab

Large investors have recently added to or reduced their stakes in the business. Mcguire Capital Advisors Inc. bought a new position in Rocket Lab in the fourth quarter worth approximately $27,000. Zions Bancorporation National Association UT acquired a new position in shares of Rocket Lab during the fourth quarter worth approximately $28,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Rocket Lab by 109.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock worth $28,000 after purchasing an additional 416 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in Rocket Lab in the 4th quarter valued at $29,000. Finally, Reflection Asset Management bought a new stake in Rocket Lab during the 4th quarter valued at $30,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab Stock Performance

Shares of RKLB stock opened at $64.26 on Friday. The firm has a market capitalization of $38.45 billion, a price-to-earnings ratio of -237.99 and a beta of 2.60. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01. The business’s 50-day moving average price is $75.23 and its 200-day moving average price is $84.74. Rocket Lab has a 12 month low of $37.57 and a 12 month high of $151.00.

Rocket Lab (NASDAQ:RKLB) last issued its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The business had revenue of $234.07 million during the quarter, compared to the consensus estimate of $231.62 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. Equities research analysts forecast that Rocket Lab will post -0.2 EPS for the current year.

More Rocket Lab News

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Berenberg upgraded Rocket Lab to “strong buy.” The bank cited the expanding space economy and the company’s growth prospects, helping improve sentiment after the stock’s sharp recent decline. Why Is RKLB Stock Rising Today and How Much Upside Do Analysts See?
• Positive Sentiment: ARK Invest purchased 705,102 Rocket Lab shares across two trading sessions, according to fund disclosures. Cathie Wood’s buying may be viewed as validation of Rocket Lab’s long-term potential and could attract additional momentum-oriented investors. Cathie Wood Just Bought 705,102 Shares of a Rocket Company 50 Times Smaller Than SpaceX
• Positive Sentiment: Rocket Lab’s commercial base remains substantial. Articles highlighted nearly $2.4 billion in launch backlog, a new major launch contract and the company’s 94th successful launch, including a perfect record on Synspective missions and 16 additional missions booked through 2030. Rocket Lab Scores 94th Launch Win
• Neutral Sentiment: Neutron remains the central investment catalyst. The reusable medium-lift rocket could significantly expand Rocket Lab’s addressable market, but reports suggest its first launch could slip into 2027. The delay would give the company more time for testing but postpone a potentially transformative revenue opportunity. Peter Beck’s Neutron Rocket Could Slip to 2027
• Negative Sentiment: Investors remain concerned about valuation and cash use. Rocket Lab has fallen roughly 49% over three months, while spending ahead of Neutron’s debut. The company remains unprofitable, and its high valuation leaves limited room for execution setbacks. How Long Can Rocket Lab Stock Wait on Neutron?
• Negative Sentiment: Competitive and governance concerns persist. Blue Origin’s win of NASA’s $700 million Mars communications contract highlights intense competition, while a reported $8.8 million CFO share sale and prior analyst skepticism add to investor caution.

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.