Rocket Lab (NASDAQ:RKLB) Price Target Raised to $95.00

Rocket Lab (NASDAQ:RKLB) had its target price raised by Citizens Jmp from $85.00 to $95.00 in a research report released on Friday morning,Benzinga reports. They currently have a market outperform rating on the rocket manufacturer’s stock.

Several other analysts have also recently weighed in on RKLB. Bank of America boosted their price objective on Rocket Lab from $60.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. The Goldman Sachs Group upped their price target on Rocket Lab from $47.00 to $69.00 and gave the company a “neutral” rating in a research note on Tuesday, January 20th. Wells Fargo & Company initiated coverage on Rocket Lab in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $60.00 price target for the company. TD Cowen reaffirmed a “buy” rating on shares of Rocket Lab in a research note on Thursday, January 22nd. Finally, Needham & Company LLC lowered their price target on Rocket Lab from $110.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Rocket Lab Stock Performance

Shares of NASDAQ:RKLB opened at $105.31 on Friday. The stock has a market capitalization of $59.96 billion, a P/E ratio of -329.09 and a beta of 2.30. Rocket Lab has a 1-year low of $20.23 and a 1-year high of $105.62. The company has a current ratio of 4.47, a quick ratio of 4.02 and a debt-to-equity ratio of 0.02. The business has a 50-day moving average price of $72.88 and a two-hundred day moving average price of $68.50.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). The firm had revenue of $200.35 million during the quarter, compared to analysts’ expectations of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.The company’s quarterly revenue was up 63.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.12) EPS. Equities analysts predict that Rocket Lab will post -0.22 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Frank Klein sold 36,768 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $71.95, for a total value of $2,645,457.60. Following the completion of the transaction, the insider directly owned 1,088,237 shares in the company, valued at approximately $78,298,652.15. The trade was a 3.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Adam C. Spice sold 62,744 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of $69.59, for a total value of $4,366,354.96. Following the completion of the transaction, the chief financial officer owned 1,296,824 shares of the company’s stock, valued at $90,245,982.16. This represents a 4.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 233,449 shares of company stock worth $16,487,233 over the last quarter. Insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Rocket Lab

Several institutional investors and hedge funds have recently modified their holdings of RKLB. AQR Capital Management LLC grew its position in shares of Rocket Lab by 114.0% in the 1st quarter. AQR Capital Management LLC now owns 174,308 shares of the rocket manufacturer’s stock valued at $3,117,000 after purchasing an additional 92,849 shares during the period. NewEdge Advisors LLC grew its position in shares of Rocket Lab by 1,812.1% in the 1st quarter. NewEdge Advisors LLC now owns 36,807 shares of the rocket manufacturer’s stock valued at $658,000 after purchasing an additional 34,882 shares during the period. Jones Financial Companies Lllp grew its position in shares of Rocket Lab by 53.8% in the 1st quarter. Jones Financial Companies Lllp now owns 15,745 shares of the rocket manufacturer’s stock valued at $282,000 after purchasing an additional 5,507 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Rocket Lab by 13.3% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 773,548 shares of the rocket manufacturer’s stock valued at $13,831,000 after purchasing an additional 90,758 shares during the period. Finally, Focus Partners Wealth grew its position in shares of Rocket Lab by 1.0% in the 1st quarter. Focus Partners Wealth now owns 67,584 shares of the rocket manufacturer’s stock valued at $1,206,000 after purchasing an additional 681 shares during the period. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Key Rocket Lab News

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

• Positive Sentiment: Rocket Lab posted record Q1 revenue of about $200.3 million, topping estimates and rising roughly 63% year over year, while EPS came in line with expectations. Rocket Lab Corporation (RKLB) Reports Q1 Loss, Beats Revenue Estimates
• Positive Sentiment: The company raised second-quarter revenue guidance to $225 million-$240 million, above Wall Street forecasts, signaling continued momentum into the rest of 2026. Rocket Lab Announces First Quarter 2026 Financial Results
• Positive Sentiment: Rocket Lab signed the largest launch contract in its history, including multiple Neutron and Electron missions for a confidential customer, which expands its backlog and improves revenue visibility. Rocket Lab’s Biggest Launch Deal Yet
• Positive Sentiment: Additional defense-related wins, including a $30 million HASTE hypersonic launch contract with Anduril and a Space Force demonstration with Raytheon, reinforce demand for Rocket Lab’s launch and space-systems capabilities. Rocket Lab Awarded $30 Million Contract for HASTE Hypersonic Rocket Launches for Anduril
• Positive Sentiment: Rocket Lab said it ended the quarter with a record backlog of about $2.2 billion, suggesting strong future demand and supporting the case that the company may move closer to profitability. Rocket Lab’s stock rises upon new signs its business is expanding rapidly
• Neutral Sentiment: Brokerage firms lifted price targets and one firm upgraded the stock, but several targets still sit below the current share price, making the analyst signal supportive but mixed. Benzinga analyst update

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.