Rocket Lab's (RKLB) Buy Rating Reiterated at Needham & Company LLC

Key Points

• Needham & Company reiterated a "Buy" rating on Rocket Lab with a $63 price target, implying roughly a 48% upside, while MarketBeat's consensus is a "Moderate Buy" with a $58.17 consensus price target.
• Rocket Lab beat estimates for the quarter, reporting ($0.03) EPS versus ($0.05) expected and revenue of $155.08 million (up 48% year‑over‑year), slightly above forecasts.
• Significant insider selling occurred in September: Director Matthew Ocko sold ~1.87M shares and CEO Peter Beck sold ~1.44M, with insiders selling 5.41M shares (~$267.5M) in the past 90 days while insiders still own 11.9% of the stock.

Rocket Lab (NASDAQ:RKLB - Get Free Report)'s stock had its "buy" rating reissued by Needham & Company LLC in a research report issued on Tuesday,Benzinga reports. They presently have a $63.00 price target on the rocket manufacturer's stock. Needham & Company LLC's price target would suggest a potential upside of 48.41% from the stock's current price.

Other analysts have also recently issued reports about the stock. KeyCorp lifted their target price on shares of Rocket Lab from $50.00 to $75.00 and gave the stock an "overweight" rating in a research note on Friday, October 17th. Citigroup reiterated a "market perform" rating on shares of Rocket Lab in a research report on Wednesday, November 12th. Wall Street Zen upgraded Rocket Lab from a "strong sell" rating to a "hold" rating in a report on Saturday, November 15th. Robert W. Baird started coverage on shares of Rocket Lab in a report on Wednesday, October 15th. They set an "outperform" rating and a $83.00 price objective on the stock. Finally, Stifel Nicolaus restated a "buy" rating and issued a $75.00 target price (up from $65.00) on shares of Rocket Lab in a report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $58.17.

Rocket Lab Stock Performance

NASDAQ:RKLB opened at $42.45 on Tuesday. The firm's fifty day simple moving average is $55.01 and its 200-day simple moving average is $43.86. The company has a quick ratio of 2.83, a current ratio of 3.18 and a debt-to-equity ratio of 0.32. The stock has a market cap of $22.68 billion, a PE ratio of -111.71 and a beta of 2.16. Rocket Lab has a fifty-two week low of $14.71 and a fifty-two week high of $73.97.

Rocket Lab (NASDAQ:RKLB - Get Free Report) last issued its quarterly earnings data on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm had revenue of $155.08 million during the quarter, compared to analysts' expectations of $152.45 million. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.Rocket Lab's revenue was up 48.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.10) earnings per share. Rocket Lab has set its Q4 2025 guidance at EPS. Analysts expect that Rocket Lab will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Rocket Lab

In related news, Director Matthew Ocko sold 1,873,097 shares of Rocket Lab stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $48.20, for a total transaction of $90,283,275.40. Following the sale, the director owned 541,526 shares of the company's stock, valued at $26,101,553.20. The trade was a 77.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Peter Beck sold 1,436,442 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were 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 of the company's stock, valued at approximately $121,875,000. The trade was a 36.49% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 5,406,361 shares of company stock worth $267,483,973. 11.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rocket Lab

A number of hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in shares of Rocket Lab by 8.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 23,496 shares of the rocket manufacturer's stock valued at $420,000 after acquiring an additional 1,749 shares in the last quarter. CWM LLC lifted its stake in Rocket Lab by 50.9% in the first quarter. CWM LLC now owns 7,935 shares of the rocket manufacturer's stock valued at $142,000 after buying an additional 2,678 shares during the last quarter. AE Wealth Management LLC acquired a new position in Rocket Lab during the 1st quarter valued at about $183,000. Cetera Investment Advisers increased its position in Rocket Lab by 70.4% in the 1st quarter. Cetera Investment Advisers now owns 53,021 shares of the rocket manufacturer's stock valued at $948,000 after acquiring an additional 21,902 shares during the period. Finally, LPL Financial LLC raised its stake in Rocket Lab by 51.4% during the 1st quarter. LPL Financial LLC now owns 378,208 shares of the rocket manufacturer's stock valued at $6,762,000 after acquiring an additional 128,335 shares in 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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