Rocket Lab USA (NASDAQ:RKLB) Given New $35.00 Price Target at Cantor Fitzgerald

Rocket Lab USA (NASDAQ:RKLB - Free Report) had its price objective hoisted by Cantor Fitzgerald from $29.00 to $35.00 in a report issued on Tuesday,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.

A number of other research firms also recently weighed in on RKLB. Roth Capital lifted their target price 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. The Goldman Sachs Group lifted their price objective on Rocket Lab USA from $14.35 to $16.00 and gave the stock a "neutral" rating in a report on Monday, May 12th. KeyCorp restated an "overweight" rating on shares of Rocket Lab USA in a research note on Tuesday, June 3rd. Citigroup decreased their price target on shares of Rocket Lab USA from $35.00 to $33.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Finally, Morgan Stanley increased their price objective on shares of Rocket Lab USA from $18.00 to $20.00 and gave the company an "equal weight" rating in a research note on Monday, March 10th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Rocket Lab USA has an average rating of "Moderate Buy" and a consensus target price of $26.18.

Rocket Lab USA Stock Down 0.2%

RKLB stock traded down $0.05 during trading hours on Tuesday, hitting $27.12. The company's stock had a trading volume of 11,709,922 shares, compared to its average volume of 16,934,307. The company has a market capitalization of $12.30 billion, a PE ratio of -73.40 and a beta of 2.08. The stock has a 50 day moving average price of $22.98 and a two-hundred day moving average price of $23.75. The company has a quick ratio of 2.16, a current ratio of 2.58 and a debt-to-equity ratio of 0.97. Rocket Lab USA has a 12 month low of $4.20 and a 12 month high of $33.34.

Rocket Lab USA (NASDAQ:RKLB - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $122.57 million for the quarter, compared to the consensus estimate of $120.74 million. Rocket Lab USA had a negative net margin of 51.76% and a negative return on equity of 39.47%. The firm's revenue was up 32.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.09) earnings per share. On average, equities research analysts expect that Rocket Lab USA will post -0.38 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Arjun Kampani sold 28,988 shares of the company's stock in a transaction 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 in the company, valued at $14,412,875.88. This represents a 5.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Frank Klein sold 1,835 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $19.93, for a total value of $36,571.55. Following the sale, the insider now directly owns 1,417,644 shares in the company, valued at $28,253,644.92. The trade was a 0.13% 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 in the last 90 days. 13.70% of the stock is owned by insiders.

Institutional Investors Weigh In On Rocket Lab USA

Large investors have recently modified their holdings of the business. Spectrum Wealth Counsel LLC acquired a new position in shares of Rocket Lab USA in the 4th quarter valued at approximately $25,000. Sandy Spring Bank bought a new position in Rocket Lab USA in the fourth quarter valued at approximately $26,000. Versant Capital Management Inc boosted its holdings in shares of 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 valued at $28,000 after buying an additional 860 shares during the period. MassMutual Private Wealth & Trust FSB acquired a new position in shares of Rocket Lab USA in the first quarter valued at approximately $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 acquiring an additional 1,226 shares in 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.