Rocket Lab (NASDAQ:RKLB) Stock Keeps “Buy” Rating at TD Cowen

Rocket Lab (NASDAQ:RKLB)‘s stock had its “buy” rating reiterated by equities researchers at TD Cowen in a note issued to investors on Thursday, Benzinga reports. They currently have a $90.00 target price on the rocket manufacturer’s stock. TD Cowen’s price objective indicates a potential upside of 63.32% from the stock’s previous close.

A number of other equities research analysts have also recently issued reports on RKLB. KGI Securities raised shares of Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price objective for the company in a research note on Monday, July 27th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $130.00 price objective on shares of Rocket Lab in a research note on Tuesday, August 11th. Craig Hallum upped their price objective on shares of Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Barclays initiated coverage on shares of Rocket Lab in a research note on Friday, October 9th. They issued an “overweight” rating and a $85.00 price objective for the company. Finally, Wall Street Zen cut shares of Rocket Lab from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Four research 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 given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $104.05.

Rocket Lab Price Performance

Shares of RKLB traded down $4.07 during midday trading on Thursday, reaching $55.11. The stock had a trading volume of 40,056,929 shares, compared to its average volume of 23,049,645. The company’s 50-day moving average is $69.91 and its 200 day moving average is $84.33. Rocket Lab has a 12-month low of $37.57 and a 12-month high of $151.00. The company has a current ratio of 5.48, a quick ratio of 4.98 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $32.97 billion, a price-to-earnings ratio of -204.20 and a beta of 2.93.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (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 during the quarter, compared to analysts’ expectations of $231.62 million. On average, equities analysts predict that Rocket Lab will post -0.20 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Adam Spice sold 140,157 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $70.82, for a total value of $9,925,918.74. Following the completion of the sale, the chief financial officer owned 1,155,967 shares of the company’s stock, valued at approximately $81,865,582.94. This represents a 10.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $66.61, for a total transaction of $2,368,518.38. Following the completion of the sale, the insider directly owned 925,737 shares of the company’s stock, valued at $61,663,341.57. This trade represents 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 400,749 shares of company stock worth $26,964,474 in the last ninety days. 8.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Rocket Lab

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in Rocket Lab during the 2nd quarter valued at $4,124,970,000. Katamaran Capital LLP raised its holdings in Rocket Lab by 86.2% during the 1st quarter. Katamaran Capital LLP now owns 19,808 shares of the rocket manufacturer’s stock valued at $1,272,000 after buying an additional 9,172 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in Rocket Lab during the 1st quarter valued at $642,000. Swiss National Bank raised its holdings in Rocket Lab by 17.8% during the 1st quarter. Swiss National Bank now owns 1,410,930 shares of the rocket manufacturer’s stock valued at $90,610,000 after buying an additional 212,700 shares during the last quarter. Finally, Bank of Nova Scotia raised its holdings in Rocket Lab by 149.8% during the 1st quarter. Bank of Nova Scotia now owns 49,957 shares of the rocket manufacturer’s stock valued at $3,209,000 after buying an additional 29,956 shares during the last quarter. 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: Rocket Lab retains approximately $2.4 billion in backlog, alongside its established Electron launch business, satellite systems operations and defense-related contracts. Analysts argue these businesses provide support while Neutron development continues. Rocket Lab Still Has a $2.4B Backlog While Neutron Waits
• Positive Sentiment: Some analysts remain constructive: TD Cowen reaffirmed a Buy rating with a $90 price target, while Roth Capital maintained Buy at $110. Cantor Fitzgerald also maintained its rating with a $122 target, suggesting substantial long-term upside if execution improves. Stay Cool, Says Analyst About Rocket Lab Stock
• Neutral Sentiment: Rocket Lab said Neutron’s first launch is now expected in 2027 rather than late 2026. The company plans to complete additional testing in the first quarter before setting a specific launch date, making the timing uncertain but allowing more time to address reliability issues. Rocket Lab Provides Update on Neutron Development and Adjusts Target Launch Timing
• Negative Sentiment: The delay was triggered by a manufacturing flaw in a carbon-composite propellant tank dome on Neutron’s first stage. The issue follows a tank rupture during testing in January, raising concerns about development execution, additional costs and the company’s ability to compete with SpaceX in medium-lift launches. Rocket Lab pushes Neutron rocket’s debut flight to 2027
• Negative Sentiment: KeyBanc reduced its price target to $100, and Clear Street set a $105 target, reflecting heightened execution risk. Investors are also weighing recent equity issuance for the planned Iridium acquisition, insider selling and lower projected gross margins, which could increase dilution and cash-burn concerns.
• Negative Sentiment: A broader selloff in technology and semiconductor stocks contributed to risk-off sentiment, but the Neutron setback was the primary company-specific catalyst behind RKLB’s decline.

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.