Rocket Lab USA (NASDAQ:RKLB) Stock Price Expected to Rise, Cantor Fitzgerald Analyst Says

Rocket Lab USA (NASDAQ:RKLB) had its target price upped by equities researchers at Cantor Fitzgerald from $29.00 to $35.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “overweight” rating on the rocket manufacturer’s stock. Cantor Fitzgerald’s price target would indicate a potential upside of 27.92% from the company’s previous close. Cantor Fitzgerald also issued estimates for Rocket Lab USA’s FY2026 earnings at ($0.06) EPS.

RKLB has been the topic of a number of other reports. TD Cowen raised Rocket Lab USA to a “strong-buy” rating in a report on Monday, February 24th. Morgan Stanley boosted their target price on Rocket Lab USA from $18.00 to $20.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Citigroup decreased their target price on Rocket Lab USA from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, February 28th. The Goldman Sachs Group upped their price objective on Rocket Lab USA from $14.35 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 12th. Finally, Roth Capital upped their price objective on Rocket Lab USA from $25.00 to $35.00 and gave the company a “buy” rating in a report on Wednesday, May 28th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $26.18.

Rocket Lab USA Trading Up 0.7%

NASDAQ:RKLB opened at $27.36 on Tuesday. Rocket Lab USA has a fifty-two week low of $4.20 and a fifty-two week high of $33.34. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.58 and a quick ratio of 2.16. The stock has a market capitalization of $12.41 billion, a PE ratio of -73.94 and a beta of 2.08. The business’s 50-day simple moving average is $23.20 and its 200-day simple moving average is $23.77.

Rocket Lab USA (NASDAQ:RKLB) last released its quarterly earnings data on Thursday, May 8th. The rocket manufacturer reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.02). Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. The business had revenue of $122.57 million for the quarter, compared to the consensus estimate of $120.74 million. During the same quarter last year, the firm earned ($0.09) EPS. The company’s revenue for the quarter was up 32.1% on a year-over-year basis. Sell-side analysts expect that Rocket Lab USA will post -0.38 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Frank Klein sold 2,546 shares of Rocket Lab USA stock in a transaction on Monday, June 9th. The stock was sold at an average price of $30.00, for a total transaction of $76,380.00. Following the sale, the insider now directly owns 1,365,826 shares in the company, valued at approximately $40,974,780. This trade represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Arjun Kampani sold 28,988 shares of Rocket Lab USA stock in a transaction on Friday, May 30th. The stock was sold at an average price of $26.66, for a total value of $772,820.08. Following the sale, the insider now owns 540,618 shares in the company, valued at $14,412,875.88. This trade represents a 5.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 144,677 shares of company stock worth $3,517,479 over the last 90 days. 13.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Rocket Lab USA

Hedge funds have recently bought and sold shares of the business. Spectrum Wealth Counsel LLC bought a new stake in Rocket Lab USA during the fourth quarter worth $25,000. Sandy Spring Bank purchased a new stake in Rocket Lab USA in the fourth quarter worth $26,000. Versant Capital Management Inc increased its position in Rocket Lab USA by 118.1% in the first quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock worth $28,000 after buying an additional 860 shares during the last quarter. MassMutual Private Wealth & Trust FSB purchased a new stake in Rocket Lab USA in the first quarter worth $29,000. Finally, Farther Finance Advisors LLC increased its position in Rocket Lab USA by 181.1% in the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock worth $35,000 after buying an additional 1,226 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors.

About Rocket Lab USA

Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.