Rocket Lab Corporation (NASDAQ:RKLB) Stock Has Average Target Price of $107.32

Rocket Lab Corporation (NASDAQ:RKLB) has earned a consensus recommendation of “Moderate Buy” from the twenty-four ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, fourteen have issued a buy rating and four have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $107.32.

RKLB has been the subject of several recent analyst reports. Citizens Jmp restated a “market outperform” rating and set a $130.00 target price on shares of Rocket Lab in a research report on Tuesday, August 11th. KeyCorp reiterated an “overweight” rating on shares of Rocket Lab in a report on Tuesday, August 11th. Berenberg Bank initiated coverage on Rocket Lab in a research note on Wednesday, September 2nd. They set a “buy” rating and a $83.00 price target for the company. Raymond James Financial initiated coverage on Rocket Lab in a report on Friday, September 11th. They set an “outperform” rating and a $80.00 price objective for the company. Finally, KGI Securities raised Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price objective on the stock in a research report on Monday, July 27th.

Insider Buying and Selling at Rocket Lab

In other news, CAO Agostino Ricupati sold 669 shares of the business’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $46,582.47. Following the completion of the sale, the chief accounting officer directly owned 26,863 shares of the company’s stock, valued at approximately $1,870,470.69. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Marvin Clevenger sold 15,051 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $69.63, for a total transaction of $1,048,001.13. Following the completion of the transaction, the insider owned 458,924 shares in the company, valued at approximately $31,954,878.12. The trade was a 3.18% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 3,536,371 shares of company stock valued at $303,442,641. 8.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Rocket Lab

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Rocket Lab during the second quarter valued at approximately $4,124,970,000. Capital World Investors grew its holdings in Rocket Lab by 12.0% in the fourth quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock worth $1,130,172,000 after purchasing an additional 1,738,623 shares during the last quarter. Geode Capital Management LLC grew its holdings in Rocket Lab by 10.1% in the fourth quarter. Geode Capital Management LLC now owns 9,004,724 shares of the rocket manufacturer’s stock worth $626,605,000 after purchasing an additional 825,158 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Rocket Lab during the second quarter worth $437,280,000. Finally, Norges Bank acquired a new position in shares of Rocket Lab during the fourth quarter worth $341,036,000. 71.78% of the stock is currently owned by institutional investors.

More Rocket Lab News

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

• Positive Sentiment: Iridium acquisition cleared a key hurdle. Iridium stockholders approved Rocket Lab’s $54-per-share acquisition with approximately 99.6% of votes cast in favor. The transaction is expected to close by mid-2027 and would broaden Rocket Lab from a launch provider into a larger space and satellite-services company. Iridium Stockholders Approve Acquisition by Rocket Lab
• Positive Sentiment: Defense opportunity adds potential long-term revenue. Rocket Lab won a position on the U.S. Space Force’s NITE-STAR contract vehicle, which has a ceiling of up to $981 million through 2036. The award covers test and training tools, although it does not guarantee that Rocket Lab will receive the full amount. Redwire, Rocket Lab, Firefly Split a $981 Million Space Force Pie
• Positive Sentiment: Institutional and analyst support improved sentiment. ARK Invest purchased roughly $25 million of RKLB shares, while some analysts identify substantial upside and a price target that could nearly double the stock if Rocket Lab successfully executes its next major milestone. ARK Invest Pours $25M Into Rocket Lab
• Neutral Sentiment: Broader space-stock strength provided an additional lift. Rocket Lab rallied alongside Planet Labs and AST SpaceMobile, suggesting part of the move reflected sector-wide buying rather than company-specific news. Space Stocks Rally Across Pure-Play Space Companies
• Negative Sentiment: Valuation and execution remain concerns. Rocket Lab remains unprofitable, trades at a demanding valuation and must demonstrate successful execution of its Neutron vehicle while absorbing the cost and complexity of the Iridium transaction. Critics argue the acquisition price may be high relative to the near-term financial benefits. Why Rocket Lab Wants to Pay Up Big for Iridium

Rocket Lab Price Performance

Rocket Lab stock opened at $73.95 on Wednesday. The firm has a 50-day moving average price of $69.42 and a 200-day moving average price of $84.29. The firm has a market capitalization of $44.25 billion, a PE ratio of -273.88 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. Rocket Lab has a 12-month low of $37.57 and a 12-month high of $151.00.

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

About Rocket Lab

Rocket Lab USA, Inc is a space company that provides launch services and space systems for commercial, civil and national security customers. The company develops and operates launch vehicles, spacecraft and satellite components, with activities spanning the design, manufacture and operation of space hardware.

Rocket Lab’s Electron rocket is a small-lift orbital launch vehicle designed to deploy small satellites. The company also develops HASTE, a suborbital test vehicle based on Electron technology, and is developing Neutron, a larger reusable launch vehicle intended to support a broader range of missions.