Rocket Lab Shares Rebound Ahead of Neutron Rocket Launch
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 10h ago
0mins
Source: Benzinga
- Hungry Hippo Delivery: Rocket Lab's announcement of the arrival of its “Hungry Hippo” fairing at the Virginia launch site marks a critical step towards the first flight of the Neutron rocket, enhancing the company's competitive edge in the medium-lift market.
- Testing Issue Clarification: Following a structural testing anomaly where a Neutron tank ruptured, Rocket Lab clarified that this was a standard procedure to validate structural margins, with no significant damage to facilities, indicating that the program continues without major delays.
- Strong Stock Performance: Rocket Lab shares have surged 184.17% over the past year, currently trading at $85.14, reflecting robust market performance and positioning closer to 52-week highs, which indicates investor confidence in future growth.
- Upcoming Earnings Report: Investors are looking forward to the earnings report on February 26, with an EPS estimate of a 9-cent loss and a revenue estimate of $178.07 million, signaling positive momentum in revenue growth that could further drive stock price appreciation.
Analyst Views on RKLB
Wall Street analysts forecast RKLB stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RKLB is 73.11 USD with a low forecast of 60.00 USD and a high forecast of 90.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
8 Buy
3 Hold
0 Sell
Moderate Buy
Current: 80.480
Low
60.00
Averages
73.11
High
90.00
Current: 80.480
Low
60.00
Averages
73.11
High
90.00
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.
