Rocket Lab Stock Could Double, According to 1 Wall Street Analyst [Yahoo! Finance]
Rocket Lab USA, Inc. (RKLB)
Company Research
Source: Yahoo! Finance
Investors might have felt encouraged that Morgan Stanley analyst Kristine Liwag, in a note on StreetInsider, lowered her price target on Rocket Lab stock to $8 a share. Why would investors think a lowered price target is good news? Simply because $8 is roughly twice Rocket Lab's current price. Translation: Rocket Lab stock could double, and is still a buy. Is Rocket Lab stock really a buy? I have to admit: I'm a bit skeptical. On Wednesday, I argued another banker's price target of less than $6 a share might pan out, and Rocket Lab could rise 40%, if the company succeeds in earning a profit in 2026 as it's expected to. But $8 a share? More than twice the current price? That's more of a stretch. It's not impossible, however. Sure, right now, Rocket Lab is a distant No. 2 behind SpaceX in the number of rockets launched in the U.S. annually. In 2023, Rocket Lab launched a grand total of just nine rockets, while SpaceX launched 98 times, including four Transporter missions bundli
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RKLB
News
- Rocket Lab Stock Has 40% Upside, According to 1 Wall Street Analyst Firm [Yahoo! Finance]Yahoo! Finance
- Rocket Lab USA First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Rocket Lab USA, Inc. (NASDAQ: RKLB) had its price target lowered by analysts at Citigroup Inc. from $6.00 to $5.45. They now have a "buy" rating on the stock.MarketBeat
- Rocket Lab USA, Inc. (NASDAQ:RKLB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mynaric Selected by Rocket Lab for Space Development Agency's Tranche 2 Transport Layer - Beta Program [Yahoo! Finance]Yahoo! Finance
RKLB
Earnings
- 5/6/24 - Beat
RKLB
Sec Filings
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- 5/10/24 - Form S-8
- RKLB's page on the SEC website