Brokerages Set Rocket Lab Corporation (NASDAQ:RKLB) Price Target at $42.27

Shares of Rocket Lab Corporation (NASDAQ:RKLB) have received an average recommendation of “Moderate Buy” from the thirteen brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $42.2727.

Several equities analysts have issued reports on RKLB shares. Citigroup restated a “buy” rating and issued a $50.00 price target (up from $33.00) on shares of Rocket Lab in a research report on Monday, July 14th. Bank of America upped their price target on shares of Rocket Lab from $30.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research report on Wednesday. Cantor Fitzgerald upped their price target on shares of Rocket Lab from $35.00 to $54.00 and gave the company an “overweight” rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus upped their price target on shares of Rocket Lab from $34.00 to $55.00 and gave the company a “buy” rating in a research report on Tuesday, August 5th.

Insider Transactions at Rocket Lab

In other news, Director Matthew Ocko sold 1,873,097 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total value of $90,283,275.40. Following the sale, the director directly owned 541,526 shares of the company’s stock, valued at approximately $26,101,553.20. This represents a 77.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Peter Beck sold 1,436,442 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the completion of the sale, the chief executive officer directly owned 2,500,000 shares in the company, valued at approximately $121,875,000. This represents a 36.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,406,361 shares of company stock worth $267,483,973. 11.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rocket Lab

A number of institutional investors have recently modified their holdings of RKLB. GAMMA Investing LLC boosted its stake in shares of Rocket Lab by 3,319.2% in the 1st quarter. GAMMA Investing LLC now owns 19,900 shares of the rocket manufacturer’s stock valued at $356,000 after purchasing an additional 19,318 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Rocket Lab by 9.6% in the 1st quarter. Rhumbline Advisers now owns 525,018 shares of the rocket manufacturer’s stock valued at $9,387,000 after purchasing an additional 45,889 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Rocket Lab by 181.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock valued at $35,000 after purchasing an additional 1,226 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Rocket Lab by 25.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 118,237 shares of the rocket manufacturer’s stock valued at $2,114,000 after purchasing an additional 24,213 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Rocket Lab by 2,186.7% in the 1st quarter. SG Americas Securities LLC now owns 353,522 shares of the rocket manufacturer’s stock valued at $6,321,000 after purchasing an additional 338,062 shares during the last quarter. 71.78% of the stock is owned by institutional investors.

Rocket Lab Price Performance

RKLB stock opened at $64.26 on Wednesday. The company has a 50 day simple moving average of $48.41 and a 200 day simple moving average of $35.60. The stock has a market cap of $31.10 billion, a price-to-earnings ratio of -142.80 and a beta of 2.14. Rocket Lab has a 1 year low of $9.20 and a 1 year high of $73.50. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.67 and a quick ratio of 2.33.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). The company had revenue of $144.50 million for the quarter, compared to analyst estimates of $135.42 million. Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.Rocket Lab’s revenue for the quarter was up 35.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) earnings per share. Rocket Lab has set its Q3 2025 guidance at EPS. Research analysts anticipate that Rocket Lab will post -0.38 EPS for the current fiscal year.

Rocket Lab Company Profile

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.