Morgan Stanley Raises Rocket Lab (NASDAQ:RKLB) Price Target to $68.00

Key Points

• Morgan Stanley has raised Rocket Lab's price target from $20.00 to $68.00, indicating a potential upside of 1.63% from its current price.
• The stock currently holds a consensus rating of "Moderate Buy" among analysts, with an average price target of $46.64, reflecting positive sentiment about the company's future.
• CEO Peter Beck and Director Matthew Ocko have recently sold significant shares of Rocket Lab stock, with insiders selling a combined total of over 5.4 million shares worth approximately $267 million in recent months.

Rocket Lab (NASDAQ:RKLB - Get Free Report) had its price target raised by equities researchers at Morgan Stanley from $20.00 to $68.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the rocket manufacturer's stock. Morgan Stanley's price target would suggest a potential upside of 1.63% from the company's current price.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price objective on shares of Rocket Lab in a report on Wednesday, September 3rd. The Goldman Sachs Group started coverage on Rocket Lab in a research note on Monday, June 30th. They set a "neutral" rating and a $27.00 price target on the stock. Craig Hallum started coverage on Rocket Lab in a research note on Monday, July 28th. They set a "hold" rating and a $51.00 price target on the stock. Bank of America boosted their price target on Rocket Lab from $30.00 to $50.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Stifel Nicolaus boosted their price target on Rocket Lab from $34.00 to $55.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Rocket Lab presently has a consensus rating of "Moderate Buy" and an average price target of $46.64.

Rocket Lab Stock Performance

RKLB traded up $2.65 during trading on Monday, reaching $66.91. The company's stock had a trading volume of 13,402,639 shares, compared to its average volume of 20,913,160. Rocket Lab has a 52-week low of $9.48 and a 52-week high of $73.50. The company's fifty day moving average price is $48.41 and its 200-day moving average price is $35.84. The company has a market capitalization of $32.38 billion, a price-to-earnings ratio of -148.30 and a beta of 2.14. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative net margin of 45.87% and a negative return on equity of 48.14%. The business had revenue of $144.50 million during the quarter, compared to analysts' expectations of $135.42 million. During the same period in the prior year, the firm posted ($0.08) EPS. Rocket Lab's revenue for the quarter was up 35.9% compared to the same quarter last year. Rocket Lab has set its Q3 2025 guidance at EPS. On average, equities analysts forecast that Rocket Lab will post -0.38 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Peter Beck sold 1,436,442 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.75, for a total transaction of $70,026,547.50. Following the completion of the transaction, the chief executive officer directly owned 2,500,000 shares in the company, valued at $121,875,000. The trade was a 36.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Matthew Ocko sold 1,873,097 shares of Rocket Lab stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $48.20, for a total value of $90,283,275.40. Following the transaction, the director owned 541,526 shares of the company's stock, valued at $26,101,553.20. This represents a 77.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,406,361 shares of company stock worth $267,483,973. 11.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC acquired a new position in Rocket Lab in the 2nd quarter valued at $192,918,000. Sender Co & Partners Inc. acquired a new position in Rocket Lab in the 1st quarter valued at $621,000. McGuire Investment Group LLC raised its holdings in Rocket Lab by 91.3% in the 2nd quarter. McGuire Investment Group LLC now owns 196,107 shares of the rocket manufacturer's stock valued at $7,015,000 after acquiring an additional 93,613 shares during the last quarter. Royal Bank of Canada raised its holdings in Rocket Lab by 6.4% in the 1st quarter. Royal Bank of Canada now owns 2,128,536 shares of the rocket manufacturer's stock valued at $38,057,000 after acquiring an additional 128,907 shares during the last quarter. Finally, Voya Investment Management LLC raised its holdings in Rocket Lab by 186.0% in the 1st quarter. Voya Investment Management LLC now owns 1,397,342 shares of the rocket manufacturer's stock valued at $24,984,000 after acquiring an additional 908,808 shares during the last quarter. 71.78% of the stock is currently owned by institutional investors and hedge funds.

Rocket Lab Company Profile

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.

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