Rocket Lab’s (RKLB) Overweight Rating Reaffirmed at KeyCorp

Rocket Lab (NASDAQ:RKLB)‘s stock had its “overweight” rating reiterated by research analysts at KeyCorp in a research note issued on Tuesday, Benzinga reports. They presently have a $100.00 price target on the rocket manufacturer’s stock. KeyCorp‘s price objective would indicate a potential upside of 69.89% from the company’s current price.

Other analysts have also issued research reports about the company. Berenberg Bank assumed coverage on Rocket Lab in a report on Wednesday, September 2nd. They set a “buy” rating and a $83.00 price objective for the company. Needham & Company LLC restated a “buy” rating and set a $120.00 target price on shares of Rocket Lab in a research note on Friday, October 16th. Raymond James Financial assumed coverage on Rocket Lab in a research report on Friday, September 11th. They set an “outperform” rating and a $80.00 target price on the stock. KGI Securities raised Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 target price on the stock in a research report on Monday, July 27th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Rocket Lab in a research note on Thursday, October 15th. Three analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $100.25.

Rocket Lab Price Performance

RKLB opened at $58.86 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.48 and a quick ratio of 4.98. The firm has a market capitalization of $35.22 billion, a PE ratio of -217.99 and a beta of 3.15. The business’s 50-day moving average is $62.45 and its two-hundred day moving average is $78.80. Rocket Lab has a 1 year low of $37.57 and a 1 year high of $151.00.

Rocket Lab (NASDAQ:RKLB) last announced its earnings results on Monday, November 9th. The rocket manufacturer reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.05). Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. The firm had revenue of $267.83 million during the quarter, compared to analyst estimates of $257.21 million. Research analysts anticipate that Rocket Lab will post -0.20 earnings per share for the current fiscal year.

Insider Activity at Rocket Lab

In other Rocket Lab news, SVP Arjun Kampani sold 6,034 shares of Rocket Lab stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $66.65, for a total transaction of $402,166.10. Following the completion of the sale, the senior vice president owned 250,917 shares of the company’s stock, valued at approximately $16,723,618.05. The trade was a 2.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 35,558 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $66.61, for a total value of $2,368,518.38. Following the sale, the insider owned 925,737 shares in the company, valued at approximately $61,663,341.57. The trade was a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 551,832 shares of company stock worth $34,940,037 in the last quarter. 8.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Rocket Lab

A number of large investors have recently bought and sold shares of RKLB. BlackRock Inc. acquired a new position in Rocket Lab in the 2nd quarter worth approximately $4,124,970,000. Bank of New York Mellon Corp acquired a new stake in Rocket Lab during the 2nd quarter valued at approximately $245,764,000. Bank of America Corp DE purchased a new stake in shares of Rocket Lab in the 2nd quarter valued at $437,280,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Rocket Lab in the 3rd quarter valued at $120,856,000. Finally, Legal & General Group Plc purchased a new stake in shares of Rocket Lab in the 2nd quarter valued at $171,763,000. Hedge funds and other 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: Revenue reached a record $267.8 million, up 72.7% year over year and above estimates. Rocket Lab also reported positive GAAP operating cash flow and a record backlog that grew 52% sequentially to about $3.57 billion. Management forecast record fourth-quarter revenue, with a midpoint of roughly $280 million, and gross-margin expansion. Rocket Lab Q3 financial results
• Positive Sentiment: Neutron secured more than $515 million in launch contracts during the quarter, bringing its backlog to 16 missions; the stated base launch price rose to $70 million. The deals point to customer demand ahead of the rocket’s debut. Neutron launch deals
• Neutral Sentiment: NASA selected Rocket Lab for lunar delivery work under its Commercial Lunar Payload Services program, alongside other providers. The awards offer potential future work, but the overall contract pool is shared among multiple companies. Rocket Lab selected for NASA lunar delivery contracts
• Negative Sentiment: The quarterly loss was wider than expected: GAAP loss per share was $0.12 versus the $0.07 loss analysts had forecast. Investors also focused on Neutron’s maiden launch being pushed to 2027 and the associated development costs, which may weigh on near-term profitability despite the strong sales outlook. Rocket Lab shares dip after earnings miss

Rocket Lab Company Profile

Rocket Lab is a space company that provides launch services and spacecraft and satellite systems for commercial, civil, and national security customers. Founded in 2006 by Peter Beck, the company operates internationally, with headquarters in Long Beach, California, and launch operations in New Zealand and the United States.

Its launch business centers on Electron, a small orbital rocket designed to carry satellites to space, and HASTE, a suborbital vehicle used for hypersonic test missions.