Rocket Lab (NASDAQ:RKLB) Rating Increased to Buy at Craig Hallum

Craig Hallum upgraded shares of Rocket Lab (NASDAQ:RKLB) from a hold rating to a buy rating in a research note released on Friday, Marketbeat reports. Craig Hallum currently has $98.00 price objective on the rocket manufacturer’s stock.

Several other analysts have also recently weighed in on the company. Wells Fargo & Company assumed coverage on Rocket Lab in a report on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 price target for the company. Zacks Research cut Rocket Lab from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $105.00 price objective (up from $90.00) on shares of Rocket Lab in a report on Monday, April 20th. Citizens Jmp raised Rocket Lab from a “market perform” rating to an “outperform” rating and set a $85.00 price objective for the company in a report on Tuesday, April 7th. Finally, Wall Street Zen raised Rocket Lab from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $105.31 on Friday. The stock has a market cap of $59.96 billion, a P/E ratio of -329.09 and a beta of 2.30. The stock has a 50 day simple moving average of $72.88 and a 200 day simple moving average of $68.50. The company has a current ratio of 4.08, a quick ratio of 3.61 and a debt-to-equity ratio of 0.10. Rocket Lab has a 1-year low of $20.23 and a 1-year high of $105.62.

Insider Buying and Selling at Rocket Lab

In related news, CFO Adam C. Spice sold 62,744 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total transaction of $4,366,354.96. Following the sale, the chief financial officer owned 1,296,824 shares in the company, valued at $90,245,982.16. The trade was a 4.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Peter Beck sold 18,857 shares of the business’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $69.59, for a total value of $1,312,258.63. Following the sale, the chief executive officer owned 884,085 shares in the company, valued at $61,523,475.15. This represents a 2.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 233,449 shares of company stock worth $16,487,233 over the last three months. 8.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rocket Lab

Institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System grew its position in shares of Rocket Lab by 13.6% in the 3rd quarter. Arizona State Retirement System now owns 127,794 shares of the rocket manufacturer’s stock valued at $6,123,000 after buying an additional 15,307 shares during the last quarter. Firsthand Capital Management Inc. grew its position in shares of Rocket Lab by 40.0% in the 3rd quarter. Firsthand Capital Management Inc. now owns 70,000 shares of the rocket manufacturer’s stock valued at $3,354,000 after buying an additional 20,000 shares during the last quarter. Swiss National Bank lifted its stake in shares of Rocket Lab by 67.7% in the 3rd quarter. Swiss National Bank now owns 1,243,630 shares of the rocket manufacturer’s stock valued at $59,582,000 after purchasing an additional 501,830 shares during the period. Vanguard Group Inc. boosted its position in shares of Rocket Lab by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 47,420,192 shares of the rocket manufacturer’s stock valued at $3,308,033,000 after purchasing an additional 5,610,469 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Rocket Lab by 14.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 153,106 shares of the rocket manufacturer’s stock valued at $7,335,000 after purchasing an additional 19,304 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

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

About Rocket Lab

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.