Rocket Lab Corporation (NASDAQ:RKLB) Stock Has Consensus Target Price of $107.32

Rocket Lab Corporation (NASDAQ:RKLB) has received an average rating of “Moderate Buy” from the twenty-four analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating, fourteen have issued a buy rating and four have given a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $107.32.

A number of equities analysts have issued reports on RKLB shares. Wall Street Zen cut shares of Rocket Lab from a “hold” rating to a “sell” rating in a research report on Saturday, August 15th. Citizens Jmp reiterated a “market outperform” rating and issued a $130.00 price target on shares of Rocket Lab in a research report on Tuesday, August 11th. Piper Sandler started coverage on shares of Rocket Lab in a research note on Wednesday, July 15th. They set a “neutral” rating and a $83.00 price objective for the company. Morgan Stanley restated an “overweight” rating on shares of Rocket Lab in a research report on Wednesday, July 8th. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Rocket Lab in a research note on Tuesday, August 11th.

Rocket Lab Price Performance

Rocket Lab stock opened at $73.95 on Wednesday. Rocket Lab has a fifty-two week low of $37.57 and a fifty-two week high of $151.00. The firm has a market capitalization of $44.25 billion, a price-to-earnings ratio of -273.88 and a beta of 2.60. The stock’s fifty day moving average is $69.42 and its two-hundred day moving average is $84.38. 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 (NASDAQ:RKLB) last released its quarterly earnings results on Monday, August 10th. The rocket manufacturer reported ($0.08) earnings per share (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 firm had revenue of $234.07 million for the quarter, compared to analyst estimates of $231.62 million. Analysts predict that Rocket Lab will post -0.2 EPS for the current fiscal year.

Key Rocket Lab News

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

• Positive Sentiment: Iridium acquisition cleared a key hurdle. Iridium stockholders approved Rocket Lab’s $54-per-share acquisition with approximately 99.6% of votes cast in favor. The transaction is expected to close by mid-2027 and would broaden Rocket Lab from a launch provider into a larger space and satellite-services company. Iridium Stockholders Approve Acquisition by Rocket Lab
• Positive Sentiment: Defense opportunity adds potential long-term revenue. Rocket Lab won a position on the U.S. Space Force’s NITE-STAR contract vehicle, which has a ceiling of up to $981 million through 2036. The award covers test and training tools, although it does not guarantee that Rocket Lab will receive the full amount. Redwire, Rocket Lab, Firefly Split a $981 Million Space Force Pie
• Positive Sentiment: Institutional and analyst support improved sentiment. ARK Invest purchased roughly $25 million of RKLB shares, while some analysts identify substantial upside and a price target that could nearly double the stock if Rocket Lab successfully executes its next major milestone. ARK Invest Pours $25M Into Rocket Lab
• Neutral Sentiment: Broader space-stock strength provided an additional lift. Rocket Lab rallied alongside Planet Labs and AST SpaceMobile, suggesting part of the move reflected sector-wide buying rather than company-specific news. Space Stocks Rally Across Pure-Play Space Companies
• Negative Sentiment: Valuation and execution remain concerns. Rocket Lab remains unprofitable, trades at a demanding valuation and must demonstrate successful execution of its Neutron vehicle while absorbing the cost and complexity of the Iridium transaction. Critics argue the acquisition price may be high relative to the near-term financial benefits. Why Rocket Lab Wants to Pay Up Big for Iridium

Insider Activity at Rocket Lab

In other Rocket Lab news, CFO Adam Spice sold 140,157 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $62.63, for a total transaction of $8,778,032.91. Following the completion of the transaction, the chief financial officer owned 1,155,967 shares of the company’s stock, valued at approximately $72,398,213.21. This trade represents a 10.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Frank Klein sold 45,692 shares of the business’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 $3,181,533.96. Following the completion of the transaction, the insider directly owned 961,295 shares of the company’s stock, valued at approximately $66,934,970.85. This trade represents a 4.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. Insiders have sold a total of 3,536,371 shares of company stock valued at $303,442,641 in the last ninety days. 8.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Rocket Lab during the 2nd quarter worth about $4,124,970,000. Capital World Investors raised its position in shares of Rocket Lab by 12.0% in the fourth quarter. Capital World Investors now owns 16,200,726 shares of the rocket manufacturer’s stock valued at $1,130,172,000 after buying an additional 1,738,623 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Rocket Lab by 10.1% during the fourth quarter. Geode Capital Management LLC now owns 9,004,724 shares of the rocket manufacturer’s stock valued at $626,605,000 after buying an additional 825,158 shares during the period. Bank of America Corp DE purchased a new position in shares of Rocket Lab during the second quarter valued at approximately $437,280,000. Finally, Norges Bank purchased a new position in shares of Rocket Lab during the fourth quarter valued at approximately $341,036,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Rocket Lab Company Profile

Rocket Lab USA, Inc is a space company that provides launch services and space systems for commercial, civil and national security customers. The company develops and operates launch vehicles, spacecraft and satellite components, with activities spanning the design, manufacture and operation of space hardware.

Rocket Lab’s Electron rocket is a small-lift orbital launch vehicle designed to deploy small satellites. The company also develops HASTE, a suborbital test vehicle based on Electron technology, and is developing Neutron, a larger reusable launch vehicle intended to support a broader range of missions.