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

Rocket Lab USA (NASDAQ:RKLB) had its price objective boosted by Cantor Fitzgerald from $29.00 to $35.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the rocket manufacturer’s stock. Cantor Fitzgerald also issued estimates for Rocket Lab USA’s FY2026 earnings at ($0.06) EPS.

Several other brokerages have also commented on RKLB. Stifel Nicolaus increased their price objective on Rocket Lab USA from $29.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, May 28th. The Goldman Sachs Group boosted their price target on Rocket Lab USA from $14.35 to $16.00 and gave the company a “neutral” rating in a report on Monday, May 12th. Roth Capital lifted their price objective on Rocket Lab USA from $25.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, May 28th. TD Cowen upgraded Rocket Lab USA to a “strong-buy” rating in a report on Monday, February 24th. Finally, KeyCorp reiterated an “overweight” rating on shares of Rocket Lab USA in a report on Tuesday, June 3rd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.18.

Rocket Lab USA Price Performance

Shares of NASDAQ RKLB opened at $27.17 on Tuesday. The stock has a market cap of $12.32 billion, a PE ratio of -73.43 and a beta of 2.08. 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 quick ratio of 2.16 and a current ratio of 2.58. The stock has a fifty day moving average of $22.98 and a 200-day moving average of $23.75.

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

Insiders Place Their Bets

In other Rocket Lab USA news, insider Frank Klein sold 1,818 shares of the business’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $26.51, for a total transaction of $48,195.18. Following the completion of the transaction, the insider now owns 1,368,372 shares in the company, valued at $36,275,541.72. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Arjun Kampani sold 28,988 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $26.66, for a total value of $772,820.08. Following the completion of the sale, the insider now owns 540,618 shares of the company’s stock, valued at $14,412,875.88. The trade was a 5.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,677 shares of company stock valued at $3,517,479 over the last ninety days. 13.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Rocket Lab USA

A number of large investors have recently made changes to their positions in RKLB. Spectrum Wealth Counsel LLC acquired a new position in shares of Rocket Lab USA during the fourth quarter worth $25,000. Sandy Spring Bank acquired a new position in shares of Rocket Lab USA during the fourth quarter worth $26,000. Versant Capital Management Inc increased its position in shares of Rocket Lab USA by 118.1% during the first quarter. Versant Capital Management Inc now owns 1,588 shares of the rocket manufacturer’s stock worth $28,000 after purchasing an additional 860 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Rocket Lab USA during the first quarter worth $29,000. Finally, Farther Finance Advisors LLC increased its position in shares of Rocket Lab USA by 181.1% during the first quarter. Farther Finance Advisors LLC now owns 1,903 shares of the rocket manufacturer’s stock worth $35,000 after purchasing an additional 1,226 shares in the last quarter. 71.78% of the stock is owned by institutional investors and hedge funds.

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.