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

6 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" RKLB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RKLB, but not buy additional shares or sell existing shares.
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6 brokerages have issued twelve-month target prices for Rocket Lab USA's shares. Their RKLB share price forecasts range from $3.00 to $15.00. On average, they expect the company's share price to reach $8.84 in the next year. This suggests a possible upside of 97.4% from the stock's current price.
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Rocket Lab USA's stock was trading at $3.77 on January 1st, 2023. Since then, RKLB shares have increased by 18.8% and is now trading at $4.48.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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Rocket Lab USA, Inc. (NASDAQ:RKLB) released its earnings results on Tuesday, August, 8th. The rocket manufacturer reported ($0.10) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.10). The rocket manufacturer earned $62.05 million during the quarter, compared to analysts' expectations of $61.68 million. Rocket Lab USA had a negative net margin of 70.47% and a negative trailing twelve-month return on equity of 24.98%.

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

Rocket Lab USA updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of for the period. The company issued revenue guidance of $73.00 million-$77.00 million, compared to the consensus revenue estimate of $82.87 million.

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

Rocket Lab USA's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (4.89%), State Street Corp (2.79%), ArrowMark Colorado Holdings LLC (1.79%), Geode Capital Management LLC (1.08%), ARK Investment Management LLC (0.80%) and Northern Trust Corp (0.51%). Insiders that own company stock include Adam C Spice, Arjun Kampani, Michael D Griffin, Peter Beck 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 $4.48.

Rocket Lab USA (NASDAQ:RKLB) has a market capitalization of $2.17 billion and generates $211 million in revenue each year. The rocket manufacturer earns $-135,940,000.00 in net income (profit) each year or ($0.35) 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.