Latest news with #RKLB
Yahoo
29-05-2025
- Business
- Yahoo
Why Rocket Lab USA, Inc. (RKLB) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where Rocket Lab USA, Inc. (NASDAQ:RKLB) stands against other best-performing stocks. Rocket Lab saw its share prices jump by 13.14 percent on Tuesday to close at $28.76 apiece following news that it was entering the payload market business through the acquisition of Geost, LLC's parent company for $275 million. In a statement, Rocket Lab USA, Inc. (NASDAQ:RKLB) said it entered into a definitive agreement with Lightridge Solutions, a portfolio company of ATL Partners, for the acquisition of Geost's parent company for a mix of cash and privately placed shares. According to Rocket Lab USA, Inc. (NASDAQ:RKLB), it will pay Lightridge Solutions some $125 million in cash and $150 million in RKLB shares, on top of an additional $50 million payout tied to revenue targets. A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space. The acquisition marks Rocket Lab's formal entry into the satellite payload segment, strengthening its position as a provider of end-to-end national security space solutions. The acquisition is expected to close in the second half of 2025. Overall, RKLB ranks 8th on our list of best-performing stocks. While we acknowledge the potential of RKLB, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RKLB and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
Needham Sees Upside in Rocket Lab Post-Geost Deal, Hikes Price Target
Needham reaffirmed its Buy rating on Rocket Lab USA, Inc. (NASDAQ:RKLB) and increased its price target from $28 to $32 on May 28. The adjustment was announced following the news that Rocket Lab will acquire Geost LLC, a company specializing in infrared and electro-optical payloads for national security. The two companies share a defense clientele, which includes the Space Force, the U.S. Air Force, and the Space Development Agency (SDA). Notably, Rocket Lab USA, Inc. (NASDAQ:RKLB) agreed to acquire Geost at a purchase price of $275 million, with $125 million in cash and $150 million in RKLB shares, along with the possibility of an additional $50 million in cash earn-outs. Needham views the acquisition as a major step for Rocket Lab USA, Inc. (NASDAQ:RKLB), boosting its position as a leading defense and aerospace contractor. According to the firm, Rocket Lab's enhanced position could prove essential as it competes for a number of government projects, including the Golden Dome project. While we acknowledge the potential of RKLB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RKLB and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None.
Yahoo
29-05-2025
- Business
- Yahoo
Needham Sees Upside in Rocket Lab Post-Geost Deal, Hikes Price Target
Needham reaffirmed its Buy rating on Rocket Lab USA, Inc. (NASDAQ:RKLB) and increased its price target from $28 to $32 on May 28. The adjustment was announced following the news that Rocket Lab will acquire Geost LLC, a company specializing in infrared and electro-optical payloads for national security. The two companies share a defense clientele, which includes the Space Force, the U.S. Air Force, and the Space Development Agency (SDA). Notably, Rocket Lab USA, Inc. (NASDAQ:RKLB) agreed to acquire Geost at a purchase price of $275 million, with $125 million in cash and $150 million in RKLB shares, along with the possibility of an additional $50 million in cash earn-outs. Needham views the acquisition as a major step for Rocket Lab USA, Inc. (NASDAQ:RKLB), boosting its position as a leading defense and aerospace contractor. According to the firm, Rocket Lab's enhanced position could prove essential as it competes for a number of government projects, including the Golden Dome project. While we acknowledge the potential of RKLB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RKLB and that has 100x upside potential, check out our report about the cheapest AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
Yahoo
28-05-2025
- Business
- Yahoo
Why Rocket Lab USA, Inc. (RKLB) Went Up On Tuesday
We recently published a list of . In this article, we are going to take a look at where Rocket Lab USA, Inc. (NASDAQ:RKLB) stands against other best-performing stocks. Rocket Lab saw its share prices jump by 13.14 percent on Tuesday to close at $28.76 apiece following news that it was entering the payload market business through the acquisition of Geost, LLC's parent company for $275 million. In a statement, Rocket Lab USA, Inc. (NASDAQ:RKLB) said it entered into a definitive agreement with Lightridge Solutions, a portfolio company of ATL Partners, for the acquisition of Geost's parent company for a mix of cash and privately placed shares. According to Rocket Lab USA, Inc. (NASDAQ:RKLB), it will pay Lightridge Solutions some $125 million in cash and $150 million in RKLB shares, on top of an additional $50 million payout tied to revenue targets. A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space. The acquisition marks Rocket Lab's formal entry into the satellite payload segment, strengthening its position as a provider of end-to-end national security space solutions. The acquisition is expected to close in the second half of 2025. Overall, RKLB ranks 8th on our list of best-performing stocks. While we acknowledge the potential of RKLB, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RKLB and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
28-05-2025
- Business
- Business Insider
Rocket Lab USA (RKLB) Receives a Buy from Roth MKM
In a report released today, Sujeeva De Silva from Roth MKM maintained a Buy rating on Rocket Lab USA (RKLB – Research Report), with a price target of $35.00. The company's shares closed today at $28.76. Confident Investing Starts Here: De Silva covers the Technology sector, focusing on stocks such as Intel, MagnaChip, and Marvell. According to TipRanks, De Silva has an average return of 24.0% and a 49.90% success rate on recommended stocks. In addition to Roth MKM, Rocket Lab USA also received a Buy from Needham's Ryan Koontz in a report issued on May 12. However, on May 23, BTIG reiterated a Hold rating on Rocket Lab USA (NASDAQ: RKLB). The company has a one-year high of $33.34 and a one-year low of $4.15. Currently, Rocket Lab USA has an average volume of 16.82M. Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RKLB in relation to earlier this year. Most recently, in March 2025, Adam Spice, the CFO of RKLB sold 62,843.00 shares for a total of $1,142,485.74.
