Rocket Lab Secures $816 Million Contract and Analyst Upgrade
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 02 2026
0mins
Should l Buy RKLB?
Source: Fool
Rocket Lab Corp's stock rose by 5.02% as it crossed above the 5-day SMA, reflecting positive investor sentiment following significant contract news.
The company secured an $816 million contract from the U.S. Space Force to design and manufacture 18 satellites, elevating its total defense contract value above $1 billion. Additionally, Morgan Stanley upgraded Rocket Lab from 'Equal Weight' to 'Overweight', raising its price target from $67 to $105, citing the company's strong execution capabilities in the medium-lift market. This combination of contract acquisition and analyst upgrade has bolstered investor confidence in Rocket Lab's future growth potential.
The implications of this contract and upgrade are significant, as they not only enhance Rocket Lab's revenue visibility but also position the company favorably in the competitive aerospace sector. With a strong backlog and upcoming projects, Rocket Lab is poised for continued growth.
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Analyst Views on RKLB
Wall Street analysts forecast RKLB stock price to rise
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 66.010
Low
63.00
Averages
86.89
High
120.00
Current: 66.010
Low
63.00
Averages
86.89
High
120.00
About RKLB
Rocket Lab Corporation is an end-to-end space company. The Company designs and manufactures small and medium-class rockets, spacecraft and spacecraft components, and related software and services to support the space economy. The Company delivers reliable launch services, satellite manufacture, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions that make it easier to access space. Its Launch Services segment provides launch and launch-related services to customers on a dedicated mission or ride-share basis. Its Space Systems segment comprises the design and manufacture of spacecraft components and spacecraft program management services, space data applications, and mission operations. Its space systems solutions are the building blocks for spacecraft, which include composite structures, reaction wheels, star trackers, solar solutions, radios, separation systems, and command and control spacecraft software.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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