Rocket Lab (NASDAQ:RKLB – Get Free Report) had its price objective raised by investment analysts at Cantor Fitzgerald from $96.00 to $122.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the rocket manufacturer’s stock. Cantor Fitzgerald’s price objective points to a potential upside of 52.42% from the stock’s previous close.
A number of other analysts also recently issued reports on RKLB. Needham & Company LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Rocket Lab in a research note on Tuesday, June 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Rocket Lab in a research report on Wednesday, July 8th. KGI Securities raised Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price objective for the company in a research report on Monday, July 27th. Piper Sandler started coverage on shares of Rocket Lab in a research note on Wednesday, July 15th. They set a “neutral” rating and a $83.00 target price for the company. Finally, BTIG Research reaffirmed a “hold” rating on shares of Rocket Lab in a research report on Tuesday, May 12th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $111.82.
Read Our Latest Stock Report on Rocket Lab
Rocket Lab Stock Down 3.4%
Insiders Place Their Bets
In related news, insider Frank Klein sold 36,860 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $147.42, for a total value of $5,433,901.20. Following the completion of the transaction, the insider owned 1,006,987 shares of the company’s stock, valued at approximately $148,450,023.54. The trade was a 3.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Alexander R. Slusky sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $123.60, for a total transaction of $4,944,000.00. Following the sale, the director directly owned 334,675 shares in the company, valued at $41,365,830. This represents a 10.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,749,294 shares of company stock valued at $351,008,208. Corporate insiders own 8.40% of the company’s stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in Rocket Lab by 5.1% in the 2nd quarter. Versant Capital Management Inc now owns 2,049 shares of the rocket manufacturer’s stock valued at $208,000 after buying an additional 100 shares during the period. Bartlett & CO. Wealth Management LLC lifted its position in Rocket Lab by 7.1% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,869 shares of the rocket manufacturer’s stock valued at $120,000 after buying an additional 124 shares in the last quarter. Sovereign Financial Group Inc. lifted its stake in shares of Rocket Lab by 3.9% during the first quarter. Sovereign Financial Group Inc. now owns 3,320 shares of the rocket manufacturer’s stock worth $213,000 after purchasing an additional 125 shares in the last quarter. Quadcap Wealth Management LLC grew its stake in shares of Rocket Lab by 2.3% in the fourth quarter. Quadcap Wealth Management LLC now owns 6,246 shares of the rocket manufacturer’s stock valued at $436,000 after buying an additional 140 shares in the last quarter. Finally, Parvin Asset Management LLC grew its position in Rocket Lab by 4.0% in the first quarter. Parvin Asset Management LLC now owns 3,665 shares of the rocket manufacturer’s stock valued at $235,000 after acquiring an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 71.78% of the company’s stock.
Rocket Lab News Roundup
Here are the key news stories impacting Rocket Lab this week:
- Positive Sentiment: Strong Q2 growth: Revenue rose 62% year over year to approximately $234.1 million, while backlog increased 137% to $2.36 billion. Rocket Lab also narrowed its per-share loss compared with the prior-year quarter. Rocket Lab Q2 2026 financial results
- Positive Sentiment: Above-consensus revenue outlook: Management guided for third-quarter revenue of $250 million to $265 million, above Wall Street expectations of roughly $236 million, signaling continued demand for launch and space systems. Rocket Lab launch capacity and AI demand
- Positive Sentiment: New growth initiatives: Rocket Lab secured a dedicated Neutron launch for Kepler targeted for no earlier than 2028, unveiled the deployable GHOST launch system, and established Rocket Lab Germany to expand European satellite manufacturing and launch capabilities. Kepler selects Rocket Lab Neutron
- Neutral Sentiment: CEO Peter Beck said the emergence of orbital data centers could create a significant new market for Rocket Lab’s launch and space infrastructure services, but the opportunity remains longer term and unproven. AI and orbital data centers
- Negative Sentiment: Margin outlook disappointed investors: Rocket Lab’s projected third-quarter gross margin of 29% to 31% was reported below analysts’ expectation of about 37.6%, raising concerns that rapid expansion is pressuring profitability.
- Negative Sentiment: Quarterly loss and valuation concerns: The company reported an adjusted loss of approximately $0.08 per share, and analysts and investors remain concerned that RKLB’s elevated valuation leaves limited room for execution mistakes. Rocket Lab valuation analysis
- Negative Sentiment: Rocket Lab is also facing heightened competition and attention from SpaceX following its public-market debut, while reported insider activity showed substantial selling and no open-market purchases in the past six months.
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.
See Also
- Five stocks we like better than Rocket Lab
- China’s Athleisure Boom Is Not Lifting Every Brand Equally
- SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat
- 3 Dividend Champion Utilities for a Market That Can’t Sit Still
- These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI
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.
