Rocket Lab (NASDAQ:RKLB) Stock Price Up 1.8% Following Analyst Upgrade

Rocket Lab Corporation (NASDAQ:RKLB) shares rose 1.8% during trading on Monday after Morgan Stanley raised their price target on the stock from $20.00 to $68.00. Morgan Stanley currently has an equal weight rating on the stock. Rocket Lab traded as high as $70.44 and last traded at $65.42. Approximately 25,956,395 shares traded hands during mid-day trading, an increase of 24% from the average daily volume of 20,961,625 shares. The stock had previously closed at $64.26.

Other research analysts have also issued research reports about the company. Bank of America lifted their target price on Rocket Lab from $30.00 to $50.00 and gave the stock a “buy” rating in a research report on Wednesday, July 16th. Roth Capital reiterated a “buy” rating on shares of Rocket Lab in a research report on Friday, August 29th. Craig Hallum began coverage on Rocket Lab in a report on Monday, July 28th. They issued a “hold” rating and a $51.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of Rocket Lab in a report on Wednesday, September 3rd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Rocket Lab in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $46.64.

Insider Activity

In other Rocket Lab news, SVP Arjun Kampani sold 9,416 shares of Rocket Lab stock in a transaction on Wednesday, September 17th. The stock was sold at an average price of $47.70, for a total transaction of $449,143.20. Following the sale, the senior vice president owned 489,629 shares of the company’s stock, valued at $23,355,303.30. The trade was a 1.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $90,283,275.40. Following the sale, the director directly owned 541,526 shares in the company, valued at $26,101,553.20. The trade was a 77.57% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,406,361 shares of company stock worth $267,483,973 over the last ninety days. 11.90% of the stock is currently owned by company insiders.

Institutional Trading of Rocket Lab

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Rocket Lab by 10.6% during the 1st quarter. Vanguard Group Inc. now owns 40,029,546 shares of the rocket manufacturer’s stock valued at $715,728,000 after acquiring an additional 3,833,969 shares in the last quarter. Invesco Ltd. raised its stake in shares of Rocket Lab by 67.0% in the 2nd quarter. Invesco Ltd. now owns 6,242,304 shares of the rocket manufacturer’s stock worth $223,287,000 after buying an additional 2,504,054 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of Rocket Lab in the 2nd quarter worth $192,918,000. Norges Bank bought a new stake in shares of Rocket Lab in the 2nd quarter worth $164,751,000. Finally, Westfield Capital Management Co. LP raised its stake in shares of Rocket Lab by 2.6% in the 1st quarter. Westfield Capital Management Co. LP now owns 2,586,532 shares of the rocket manufacturer’s stock worth $46,247,000 after buying an additional 65,255 shares in the last quarter. Institutional investors own 71.78% of the company’s stock.

Rocket Lab Stock Up 1.8%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.33 and a current ratio of 2.67. The stock has a 50 day moving average price of $48.83 and a 200 day moving average price of $36.16. The company has a market cap of $31.66 billion, a P/E ratio of -145.38 and a beta of 2.14.

Rocket Lab (NASDAQ:RKLB) last posted its quarterly earnings data on Thursday, August 7th. The rocket manufacturer reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). Rocket Lab had a negative return on equity of 48.14% and a negative net margin of 45.87%.The firm had revenue of $144.50 million during the quarter, compared to the consensus estimate of $135.42 million. During the same period in the prior year, the firm posted ($0.08) EPS. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. Rocket Lab has set its Q3 2025 guidance at EPS. Research analysts expect that Rocket Lab Corporation will post -0.38 earnings per share for the current fiscal year.

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.