Rocket Lab’s (RKLB) Buy Rating Reaffirmed at TD Cowen

Rocket Lab (NASDAQ:RKLB)‘s stock had its “buy” rating reiterated by analysts at TD Cowen in a research note issued on Thursday, Benzinga reports. They presently have a $90.00 price objective on the rocket manufacturer’s stock. TD Cowen’s price objective indicates a potential upside of 72.63% from the company’s previous close.

RKLB has been the topic of a number of other research reports. Piper Sandler began coverage on Rocket Lab in a research note on Wednesday, July 15th. They set a “neutral” rating and a $83.00 target price on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Rocket Lab in a research note on Friday, July 17th. Bank of America lowered their price objective on Rocket Lab from $115.00 to $110.00 and set a “buy” rating on the stock in a research note on Monday, August 31st. KeyCorp lowered their price objective on Rocket Lab from $135.00 to $100.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Cantor Fitzgerald restated a “mixed” rating and set a $122.00 price objective on shares of Rocket Lab in a research note on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Rocket Lab currently has an average rating of “Moderate Buy” and a consensus price target of $104.05.

Rocket Lab Stock Performance

Shares of NASDAQ RKLB traded down $7.05 during trading hours on Thursday, reaching $52.13. 19,111,424 shares of the stock were exchanged, compared to its average volume of 22,881,818. The firm has a market capitalization of $31.19 billion, a price-to-earnings ratio of -192.29 and a beta of 2.93. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. Rocket Lab has a 52 week low of $37.57 and a 52 week high of $151.00. The stock’s fifty day simple moving average is $69.91 and its 200 day simple moving average is $84.33.

Rocket Lab (NASDAQ:RKLB) last announced its earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.02). The firm had revenue of $234.07 million for the quarter, compared to the consensus estimate of $231.62 million. Rocket Lab had a negative return on equity of 6.48% and a negative net margin of 21.51%. Sell-side analysts predict that Rocket Lab will post -0.20 EPS for the current year.

Insider Activity

In other Rocket Lab news, insider Marvin Clevenger sold 15,051 shares of the firm’s stock in a transaction on 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 transaction, the insider owned 458,924 shares in the company, valued at $31,954,878.12. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, SVP Arjun Kampani sold 7,754 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $69.63, for a total value of $539,911.02. Following the transaction, the senior vice president owned 256,951 shares in the company, valued at approximately $17,891,498.13. This trade represents a 2.93% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 400,749 shares of company stock worth $26,964,474. 8.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rocket Lab

A number of large investors have recently modified their holdings of RKLB. Reflection Asset Management acquired a new stake in shares of Rocket Lab in the 4th quarter valued at $30,000. Meeder Asset Management Inc. acquired a new stake in shares of Rocket Lab in the 2nd quarter valued at $30,000. Highland Investment Advisors LLC acquired a new stake in shares of Rocket Lab in the 2nd quarter valued at $30,000. NBH Bank acquired a new stake in shares of Rocket Lab in the 2nd quarter valued at $30,000. Finally, Cherry Tree Wealth Management LLC acquired a new stake in shares of Rocket Lab in the 2nd quarter valued at $32,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Key Headlines Impacting Rocket Lab

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

• Positive Sentiment: Analyst upside remains substantial: Cantor Fitzgerald reaffirmed its “mixed” rating but set a $122 price target, well above the referenced $59.18 share price. Benzinga analyst coverage
• Positive Sentiment: Core business momentum continues: Rocket Lab reported second-quarter revenue of approximately $234.1 million, up nearly 62% year over year. Its Electron and HASTE programs, space systems operations, government work and reported backlog remain important supports while Neutron is developed. Rocket Lab Neutron update
• Neutral Sentiment: Neutron remains strategically important: The reusable medium-lift rocket is intended to expand Rocket Lab’s addressable launch market and compete with vehicles such as SpaceX’s Falcon 9, but the company has not provided a specific 2027 launch date. Reuters Neutron launch report
• Negative Sentiment: Manufacturing defects caused the delay: Rocket Lab identified issues with a carbon-composite forward propellant dome on Neutron’s first-stage vehicle. Management emphasized that a merely possible successful launch is not its standard, increasing investor focus on testing and quality-control risks. Stocktwits Neutron manufacturing report
• Negative Sentiment: Investor overhangs add to the selling pressure: Recent equity issuance to help fund the pending Iridium acquisition raises dilution concerns, while reported insider selling and weaker near-term gross-margin guidance may reinforce caution around valuation and financing needs. Quiver Quantitative Rocket Lab analysis

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.