Rocket Lab’s (RKLB) Mixed Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reaffirmed their mixed rating on shares of Rocket Lab (NASDAQ:RKLB) in a report released on Thursday, MarketBeat Ratings reports. Cantor Fitzgerald currently has a $122.00 price target on the rocket manufacturer’s stock.

Other equities analysts have also recently issued research reports about the company. KeyCorp restated an “overweight” rating on shares of Rocket Lab in a research report on Tuesday, August 11th. Barclays assumed coverage on Rocket Lab in a research report on Friday, October 9th. They set an “overweight” rating and a $85.00 price objective for the company. Berenberg Bank started coverage on Rocket Lab in a research note on Wednesday, September 2nd. They issued a “buy” rating and a $83.00 target price on the stock. Roth Capital set a $110.00 target price on Rocket Lab in a report on Tuesday, August 11th. Finally, Craig Hallum boosted their target price on Rocket Lab from $98.00 to $120.00 and gave the company a “buy” rating in a report on Monday, June 29th. Three analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.05.

Rocket Lab Trading Down 8.0%

NASDAQ RKLB opened at $50.84 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.98 and a current ratio of 5.48. The firm has a market cap of $30.42 billion, a PE ratio of -188.29 and a beta of 2.93. Rocket Lab has a one year low of $37.57 and a one year high of $151.00. The firm’s fifty day moving average is $68.86 and its two-hundred day moving average is $84.06.

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

Insiders Place Their Bets

In other news, CAO Agostino Ricupati sold 669 shares of the business’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $69.63, for a total transaction of $46,582.47. Following the transaction, the chief accounting officer directly owned 26,863 shares in the company, valued at $1,870,470.69. The trade was a 2.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Frank Klein sold 35,558 shares of the stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $66.61, for a total transaction of $2,368,518.38. Following the transaction, the insider directly owned 925,737 shares of the company’s stock, valued at $61,663,341.57. This represents a 3.70% decrease in their ownership of the stock. 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. Over the last quarter, insiders have sold 400,749 shares of company stock valued at $26,964,474. Corporate insiders own 8.40% of the company’s stock.

Institutional Investors Weigh In On Rocket Lab

Institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Rocket Lab during the second quarter worth about $4,124,970,000. Bank of New York Mellon Corp purchased a new stake in Rocket Lab in the 2nd quarter valued at about $245,764,000. Bank of America Corp DE purchased a new stake in Rocket Lab in the 2nd quarter valued at about $437,280,000. Legal & General Group Plc acquired a new position in shares of Rocket Lab during the 2nd quarter valued at about $171,763,000. Finally, Tema ETFs LLC increased its stake in shares of Rocket Lab by 65,542.6% during the 2nd quarter. Tema ETFs LLC now owns 1,622,028 shares of the rocket manufacturer’s stock valued at $164,879,000 after acquiring an additional 1,619,557 shares during the last quarter. Hedge funds and other 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 continues to benefit from strong existing operations, including its Electron launch business, satellite systems activities and defense contracts. The company reported record second-quarter revenue of approximately $234 million, up 62% year over year, and maintains a backlog of roughly $2.36 billion. Rocket Lab Still Has a $2.4B Backlog While Neutron Waits
• Positive Sentiment: Despite reducing estimates, several analysts remain bullish. Citizens JMP lowered its target to $90 from $130 but retained a Market Outperform rating; TD Cowen maintained a Buy rating and $90 target, while Cantor Fitzgerald and Roth Capital also remained constructive. Rocket Lab analyst coverage
• Neutral Sentiment: Management said the manufacturing issue has been addressed and that additional testing is expected before a launch date is finalized. The company is prioritizing reliability and quality, but investors must now wait longer for evidence that Neutron can expand Rocket Lab into the larger medium-lift launch market. Rocket Lab discusses Neutron program update and manufacturing challenges
• Negative Sentiment: The delay is especially damaging because Neutron is central to Rocket Lab’s growth and planned path toward adjusted EBITDA profitability. Repeated schedule slips are increasing execution concerns, extending cash-burn risk and postponing potential launch revenue. Rocket Lab pushes Neutron rocket debut flight to 2027
• Negative Sentiment: Technical momentum has also weakened after the sell-off pushed RKLB below the closely watched $60 support level and below its major moving averages. Although Wall Street’s consensus remains broadly positive, lower price targets and renewed skepticism have added pressure to the stock.

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.