Rocket Lab’s (RKLB) “Mixed” Rating Reiterated at Cantor Fitzgerald

Rocket Lab (NASDAQ:RKLB)‘s stock had its “mixed” rating reiterated by investment analysts at Cantor Fitzgerald in a note issued to investors on Thursday, MarketBeat Ratings reports. They presently have a $122.00 price target on the rocket manufacturer’s stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 129.42% from the company’s current price.

Several other equities research analysts have also recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating on shares of Rocket Lab in a research report on Tuesday, August 11th. Citigroup started coverage on shares of Rocket Lab in a research note on Thursday, October 1st. They issued a “buy” rating and a $105.00 price target for the company. Citizens Jmp reiterated a “market outperform” rating and issued a $130.00 price target on shares of Rocket Lab in a research note on Tuesday, August 11th. Berenberg Bank started coverage on shares of Rocket Lab in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $83.00 price target for the company. Finally, TD Cowen decreased their price target on shares of Rocket Lab from $120.00 to $90.00 and set a “buy” rating for the company in a research note on Friday, October 9th. Four analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $104.05.

Rocket Lab Trading Down 10.1%

Shares of NASDAQ:RKLB traded down $6.00 on Thursday, hitting $53.18. The company had a trading volume of 33,631,566 shares, compared to its average volume of 23,018,975. The firm’s 50-day simple moving average is $69.91 and its two-hundred day simple moving average is $84.33. Rocket Lab has a 1 year low of $37.57 and a 1 year high of $151.00. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $31.82 billion, a price-to-earnings ratio of -196.15 and a beta of 2.93.

Rocket Lab (NASDAQ:RKLB) last posted its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) EPS for the quarter, missing the consensus estimate 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 company had revenue of $234.07 million during the quarter, compared to analysts’ expectations of $231.62 million. Equities analysts anticipate that Rocket Lab will post -0.20 earnings per share for the current fiscal year.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, SVP Arjun Kampani sold 6,034 shares of the stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $66.65, for a total transaction of $402,166.10. Following the sale, the senior vice president directly owned 250,917 shares in the company, valued at approximately $16,723,618.05. This trade represents a 2.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 35,558 shares of the stock in a transaction on 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. This represents a 3.70% decrease in their ownership of the stock. 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. In the last quarter, insiders sold 400,749 shares of company stock worth $26,964,474. Insiders own 8.40% of the company’s stock.

Institutional Trading of Rocket Lab

Large investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Rocket Lab in the second quarter worth approximately $4,124,970,000. Katamaran Capital LLP grew its stake in shares of Rocket Lab by 86.2% in the first quarter. Katamaran Capital LLP now owns 19,808 shares of the rocket manufacturer’s stock worth $1,272,000 after acquiring an additional 9,172 shares during the period. Y.D. More Investments Ltd bought a new stake in shares of Rocket Lab in the first quarter worth approximately $642,000. Swiss National Bank grew its stake in shares of Rocket Lab by 17.8% in the first quarter. Swiss National Bank now owns 1,410,930 shares of the rocket manufacturer’s stock worth $90,610,000 after acquiring an additional 212,700 shares during the period. Finally, Bank of Nova Scotia grew its stake in shares of Rocket Lab by 149.8% in the first quarter. Bank of Nova Scotia now owns 49,957 shares of the rocket manufacturer’s stock worth $3,209,000 after acquiring an additional 29,956 shares during the period. 71.78% of the stock is currently owned by institutional investors.

Rocket Lab News Summary

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

• Positive Sentiment: Rocket Lab retains a reported $2.4 billion backlog and continues generating growth through its Electron rocket, satellite systems, and defense contracts while Neutron development continues. Rocket Lab Still Has a $2.4B Backlog While Neutron Waits
• Positive Sentiment: Several analysts remained constructive despite the setback: TD Cowen reaffirmed a Buy rating with a $90 target, while Roth Capital maintained Buy with a $110 target. Analysts cited Rocket Lab’s focus on reliability and its diversified space business. Roth Capital Sees the Bright Side
• Neutral Sentiment: Rocket Lab’s HASTE hypersonic testing program and government work provide additional growth opportunities, but these businesses do not fully offset investor concerns about the timing and commercial importance of Neutron.
• Negative Sentiment: Rocket Lab moved Neutron’s inaugural launch to 2027, abandoning its prior fourth-quarter 2026 target. The company identified air pockets and other manufacturing defects in a carbon-composite first-stage propellant-tank dome, requiring repairs and further testing after a tank rupture during testing in January. Rocket Lab Pushes Neutron Rocket’s Debut Flight to 2027
• Negative Sentiment: The delay raises execution risk, extends the wait for Neutron’s reusable medium-lift launch opportunity, and may increase cash-burn concerns. Investors are also weighing recent share issuance for the Iridium acquisition, insider selling, and lower expected gross margins. Rocket Lab Dilution, Insider Selling, and Margin Guidance

About Rocket Lab

Rocket Lab USA, Inc is a space and launch company that provides launch services, spacecraft, satellite components and other space systems for commercial, civil and national-security customers. The company designs and manufactures many of its products in-house, supporting missions from initial spacecraft development through launch and on-orbit operations.

Rocket Lab’s primary launch vehicle is Electron, a small-lift rocket designed to place satellites into low Earth orbit. The company also operates the HASTE suborbital test platform for hypersonic and other advanced aerospace technologies and is developing Neutron, a larger reusable rocket intended to serve commercial and government missions.