Rocket Lab (NASDAQ:RKLB) Given New $82.00 Price Target at Barclays

Rocket Lab (NASDAQ:RKLB) had its target price cut by research analysts at Barclays from $85.00 to $82.00 in a report released on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the rocket manufacturer’s stock. Barclays‘s target price suggests a potential upside of 40.55% from the company’s previous close.

RKLB has been the topic of several other research reports. Cantor Fitzgerald dropped their target price on shares of Rocket Lab from $122.00 to $111.00 and set an “overweight” rating on the stock in a report on Tuesday. Berenberg Bank assumed coverage on shares of Rocket Lab in a research note on Wednesday, September 2nd. They set a “buy” rating and a $83.00 target price for the company. KGI Securities raised Rocket Lab from a “neutral” rating to an “outperform” rating and set a $107.00 price target on the stock in a research report on Monday, July 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Rocket Lab in a research report on Thursday, October 15th. Finally, TD Cowen reissued a “buy” rating and set a $90.00 target price on shares of Rocket Lab in a research report on Thursday, October 15th. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $100.10.

Rocket Lab Stock Down 0.9%

RKLB stock opened at $58.34 on Tuesday. The company has a quick ratio of 4.98, a current ratio of 5.48 and a debt-to-equity ratio of 0.01. Rocket Lab has a twelve month low of $37.57 and a twelve month high of $151.00. The firm has a market capitalization of $34.91 billion, a PE ratio of -214.37 and a beta of 3.15. The stock has a 50-day simple moving average of $62.45 and a two-hundred day simple moving average of $78.80.

Rocket Lab (NASDAQ:RKLB) last announced its quarterly earnings data on Monday, November 9th. The rocket manufacturer reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05). The firm had revenue of $267.83 million for the quarter, compared to analysts’ expectations of $257.21 million. Rocket Lab had a negative net margin of 21.51% and a negative return on equity of 6.48%. On average, equities analysts predict that Rocket Lab will post -0.20 EPS for the current fiscal year.

Insider Buying and Selling at Rocket Lab

In other Rocket Lab news, CFO Adam Spice sold 140,157 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $52.79, for a total transaction of $7,398,888.03. Following the transaction, the chief financial officer owned 1,155,967 shares in the company, valued at approximately $61,023,497.93. The trade was a 10.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Marvin Clevenger sold 15,051 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $69.63, for a total value of $1,048,001.13. Following the completion of the transaction, the insider owned 458,924 shares of the company’s stock, valued at approximately $31,954,878.12. This represents a 3.18% decrease in their position. 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. Over the last three months, insiders have sold 551,832 shares of company stock valued at $34,940,037. Corporate insiders own 8.40% of the company’s stock.

Hedge Funds Weigh In On Rocket Lab

A number of hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Rocket Lab in the 2nd quarter worth approximately $4,124,970,000. Bank of New York Mellon Corp acquired a new position in Rocket Lab in the 2nd quarter valued at approximately $245,764,000. Bank of America Corp DE bought a new stake in shares of Rocket Lab in the 2nd quarter valued at approximately $437,280,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Rocket Lab by 14.8% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,737,451 shares of the rocket manufacturer’s stock worth $278,262,000 after acquiring an additional 352,094 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Rocket Lab by 43.6% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,235,469 shares of the rocket manufacturer’s stock valued at $155,767,000 after buying an additional 678,342 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab News Roundup

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

• Positive Sentiment: Q3 revenue rose 73% year over year to $267.8 million, beating estimates, while backlog grew 52% sequentially to a record $3.57 billion. Rocket Lab forecast Q4 revenue of $270 million to $290 million, above consensus. Company Q3 results and outlook
• Positive Sentiment: Rocket Lab secured more than $515 million in Neutron launch deals during Q3, bringing the rocket’s backlog to 16 missions and lifting the listed base price to $70 million. Neutron launch contracts
• Neutral Sentiment: Analyst views were mixed: KeyCorp reaffirmed its Overweight rating and $100 target, while Piper Sandler cut its target to $58 and Cantor Fitzgerald lowered its target to $111 but kept an Overweight rating. Analyst forecast changes
• Negative Sentiment: Q3 EPS of -$0.12 missed the roughly -$0.07 consensus, and the net loss widened to $80 million. Reports also cited a wider-than-expected Q4 adjusted EBITDA loss outlook, raising concerns about costs and margins despite the revenue growth. Q3 earnings reaction
• Negative Sentiment: Investors also weighed Neutron’s first launch remaining scheduled for 2027, extending execution risk for a key growth program. Neutron timeline analysis

About Rocket Lab

Rocket Lab is a space company that provides launch services and spacecraft and satellite systems for commercial, civil, and national security customers. Founded in 2006 by Peter Beck, the company operates internationally, with headquarters in Long Beach, California, and launch operations in New Zealand and the United States.

Its launch business centers on Electron, a small orbital rocket designed to carry satellites to space, and HASTE, a suborbital vehicle used for hypersonic test missions.