Rocket Lab USA (RKLB) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rocket Lab USA in the last year. There are currently 1 sell rating, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RKLB shares.
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8 equities research analysts have issued 1 year price objectives for Rocket Lab USA's stock. Their RKLB share price forecasts range from $3.00 to $15.00. On average, they predict the company's share price to reach $8.45 in the next twelve months. This suggests a possible upside of 78.3% from the stock's current price.
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Rocket Lab USA's stock was trading at $3.77 at the beginning of 2023. Since then, RKLB shares have increased by 25.7% and is now trading at $4.74.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 10th 2023.
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Rocket Lab USA, Inc. (NASDAQ:RKLB) announced its quarterly earnings data on Tuesday, May, 9th. The rocket manufacturer reported ($0.10) earnings per share for the quarter, hitting the consensus estimate of ($0.10). The rocket manufacturer earned $54.90 million during the quarter, compared to analysts' expectations of $52.56 million. Rocket Lab USA had a negative net margin of 68.77% and a negative trailing twelve-month return on equity of 22.79%.

ETFs with the largest weight of Rocket Lab USA (NASDAQ:RKLB) stock in their portfolio include Procure Space ETF (UFO), SPDR S&P Kensho Final Frontiers ETF (ROKT), SPDR S&P Aerospace & Defense ETF (XAR), Direxion Moonshot Innovators ETF (MOON), Strategas Macro Thematic Opportunities ETF (SAMT), SPDR Kensho Future Security ETF (FITE), ARK Space Exploration & Innovation ETF (ARKX) and ARK Autonomous Technology & Robotics ETF (ARKQ).

Rocket Lab USA updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of for the period. The company issued revenue guidance of $60.00 million-$63.00 million, compared to the consensus revenue estimate of $65.09 million.

Rocket Lab USA trades on the NASDAQ under the ticker symbol "RKLB."

Rocket Lab USA's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (4.14%), State Street Corp (3.38%), ArrowMark Colorado Holdings LLC (1.49%), Geode Capital Management LLC (0.90%), American Century Companies Inc. (0.68%) and ARK Investment Management LLC (0.67%). Insiders that own company stock include Adam C Spice, Arjun Kampani, Michael D Griffin and Shaun O'donnell.
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Shares of RKLB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RKLB stock can currently be purchased for approximately $4.74.

Rocket Lab USA (NASDAQ:RKLB) has a market capitalization of $2.27 billion and generates $211 million in revenue each year. The rocket manufacturer earns $-135,940,000.00 in net income (profit) each year or ($0.33) on an earnings per share basis.

The company employs 1,400 workers across the globe.

Rocket Lab USA's mailing address is One Market Street Steuart Tower 23rd Floor, San Francisco CA, 94105. The official website for the company is www.vectorcapital.com. The rocket manufacturer can be reached via phone at 714-465-5737 or via email at mac@vectorcapital.com.