Rocket Lab (NASDAQ:RKLB) Price Target Raised to $120.00 at Bank of America

Rocket Lab (NASDAQ:RKLB) had its price objective increased by Bank of America from $60.00 to $120.00 in a research note published on Tuesday morning,Benzinga reports. Bank of America currently has a buy rating on the rocket manufacturer’s stock.

A number of other research firms have also weighed in on RKLB. Morgan Stanley raised shares of Rocket Lab from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $67.00 to $105.00 in a research report on Friday. Baird R W upgraded Rocket Lab to a “strong-buy” rating in a report on Thursday, October 16th. Cantor Fitzgerald reissued an “overweight” rating on shares of Rocket Lab in a research note on Wednesday, December 3rd. Stifel Nicolaus lifted their price objective on Rocket Lab from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, December 22nd. Finally, Zacks Research upgraded Rocket Lab from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Three research 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.92.

Rocket Lab Trading Down 7.4%

Shares of Rocket Lab stock opened at $89.16 on Tuesday. Rocket Lab has a 1 year low of $14.71 and a 1 year high of $99.58. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.18 and a quick ratio of 2.83. The business has a 50 day moving average price of $63.18 and a 200 day moving average price of $55.16. The company has a market capitalization of $47.63 billion, a P/E ratio of -234.63 and a beta of 2.16.

Rocket Lab (NASDAQ:RKLB) last released its quarterly earnings results on Monday, November 10th. The rocket manufacturer reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. Rocket Lab had a negative return on equity of 27.26% and a negative net margin of 35.64%.The company had revenue of $155.08 million during the quarter, compared to the consensus estimate of $152.45 million. During the same quarter last year, the business posted ($0.10) earnings per share. Rocket Lab’s revenue was up 48.0% compared to the same quarter last year. Sell-side analysts anticipate that Rocket Lab will post -0.38 EPS for the current fiscal year.

Insider Activity

In other news, Director Edward H. Frank sold 2,500 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $77.39, for a total transaction of $193,475.00. Following the completion of the sale, the director owned 142,504 shares in the company, valued at approximately $11,028,384.56. The trade was a 1.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank Klein sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $72.95, for a total transaction of $7,295,000.00. Following the sale, the insider owned 1,169,487 shares of the company’s stock, valued at approximately $85,314,076.65. This represents a 7.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,306,150 shares of company stock valued at $271,865,732 in the last 90 days. 11.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new position in Rocket Lab in the 3rd quarter worth approximately $25,000. Hara Capital LLC purchased a new stake in Rocket Lab during the 3rd quarter worth $25,000. Aventura Private Wealth LLC acquired a new position in Rocket Lab in the 4th quarter worth $25,000. UMB Bank n.a. grew its stake in shares of Rocket Lab by 352.5% during the third quarter. UMB Bank n.a. now owns 543 shares of the rocket manufacturer’s stock valued at $26,000 after acquiring an additional 423 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of Rocket Lab in the third quarter worth about $27,000. Institutional investors and hedge funds own 71.78% of the company’s stock.

Key Headlines Impacting Rocket Lab

Here are the key news stories impacting Rocket Lab this week:

• Positive Sentiment: Morgan Stanley upgraded RKLB to Overweight and raised its price target to a Street‑high $105, citing sector tailwinds, expected Neutron first flight and higher Electron cadence as catalysts that could materially re‑rate the stock. Rocket Lab Gets a Big Upgrade: Will Upside Follow?
• Positive Sentiment: Bank of America raised its price target from $60 to $120 and set a Buy rating, giving formal support to the upside thesis and signaling more upside than many other street targets. Benzinga coverage of BoA price target raise
• Positive Sentiment: Forbes explains the recent surge (roughly +45% over three months) as being driven by ~10% revenue growth and a sharp valuation lift; this underscores that both fundamentals and multiple expansion are behind the move. Why Rocket Lab Stock Jumped 50%?
• Neutral Sentiment: Coverage pieces (Yahoo/MarketBeat) have run valuation checks and note a tight “fair value” gap after the rally—useful context but not new catalyst news. Rocket Lab Valuation Check
• Neutral Sentiment: Analyst model updates (KeyCorp / AmericanBankingNews) provide fresh Q4 estimates—helpful for earnings modeling but not headline-moving on their own. KeyCorp Estimates Rocket Lab’s Q4 Earnings
• Negative Sentiment: MarketBeat and other coverage warn the stock is overbought with stretched momentum indicators and a wide dispersion between current price and consensus analyst targets (average target materially below recent levels), increasing pullback risk for short‑term traders. Rocket Lab Gets a Big Upgrade: Will Upside Follow?

About Rocket Lab

Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.