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

Rocket Lab Corporation (NASDAQ:RKLB) has received an average rating of “Moderate Buy” from the twenty-two analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $110.3529.

Several equities research analysts have recently issued reports on the stock. Craig Hallum raised their price target on shares of Rocket Lab from $98.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. KGI Securities upgraded Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research note on Monday, July 27th. TD Cowen raised their target price on Rocket Lab from $90.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Needham & Company LLC restated a “buy” rating on shares of Rocket Lab in a research note on Tuesday, August 11th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $130.00 price target on shares of Rocket Lab in a research report on Tuesday, August 11th.

Rocket Lab Price Performance

RKLB opened at $63.94 on Friday. Rocket Lab has a fifty-two week low of $37.57 and a fifty-two week high of $151.00. The firm has a 50-day moving average of $77.07 and a 200 day moving average of $84.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. The firm has a market cap of $38.26 billion, a P/E ratio of -236.81 and a beta of 2.60.

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

Insider Buying and Selling

In related news, insider Marvin Bradford Clevenger sold 15,051 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.63, for a total value of $1,048,001.13. Following the sale, the insider directly owned 458,924 shares in the company, valued at approximately $31,954,878.12. The trade was a 3.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Adam C. Spice sold 9,677 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $673,809.51. Following the sale, the chief financial officer directly owned 1,155,967 shares in the company, valued at approximately $80,489,982.21. This trade represents a 0.83% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 3,484,214 shares of company stock worth $304,166,848 in the last quarter. 8.40% of the stock is currently owned by company insiders.

Institutional Trading of Rocket Lab

Several hedge funds and other institutional investors have recently modified their holdings of RKLB. California State Teachers Retirement System boosted its holdings in Rocket Lab by 12,984.2% in the 2nd quarter. California State Teachers Retirement System now owns 96,179,045 shares of the rocket manufacturer’s stock worth $9,776,600,000 after buying an additional 95,443,970 shares during the period. BlackRock Inc. bought a new stake in Rocket Lab during the 2nd quarter valued at $4,124,970,000. Capital World Investors raised its holdings in Rocket Lab by 12.0% during the 4th quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock valued at $1,130,172,000 after acquiring an additional 1,738,623 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Rocket Lab during the second quarter worth $245,764,000. Finally, State Street Corp lifted its position in shares of Rocket Lab by 1.0% during the fourth quarter. State Street Corp now owns 12,520,223 shares of the rocket manufacturer’s stock worth $873,411,000 after acquiring an additional 120,652 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Rocket Lab News Summary

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

• Positive Sentiment: Bank of America lowered its price target modestly to $110 from $115 but maintained a Buy rating, indicating the analyst still sees substantial long-term upside. Rocket Lab Stock Outlook
• Positive Sentiment: Rocket Lab is expanding its role as a vertically integrated space-services provider. Recent developments include a Viasat satellite-bus award, participation in the U.S. Space Force’s NITE-STAR program—which has a contract ceiling of $981 million—and a full-flight Neutron launch contract with Kepler Communications. These awards support the company’s defense and satellite-systems growth prospects. Rocket Lab Defense Role
• Neutral Sentiment: Broader investor interest in space stocks remains elevated after Elon Musk backed a presidential plan to develop America’s next generation of space leaders. The initiative could benefit the sector over time, but its immediate financial impact on RKLB is uncertain. Space Leaders Initiative
• Negative Sentiment: Strong winds delayed Rocket Lab’s Synspective “Owl Around The World” Electron mission, pushing the launch to no earlier than September 1. Launch delays can pressure near-term revenue expectations and investor sentiment. Electron Launch Delay
• Negative Sentiment: Rocket Lab’s stock has flashed a technical “death cross,” reflecting deterioration in momentum after its earlier rally. The reversal has heightened concerns that further selling could occur, even as some high-profile investors continue to view the company’s space exposure favorably. Rocket Lab Death Cross
• Negative Sentiment: Executives disclosed sizable share sales: President Steve Ward sold approximately $1.0 million of stock, while COO Frank Klein sold about $2.4 million. Although the sales represent only a portion of their holdings, insider selling can reinforce concerns about valuation and near-term performance. Rocket Lab President Share Sale Rocket Lab COO Share Sale

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.