Latest news with #RocketLab
Yahoo
21 hours ago
- Business
- Yahoo
Citi Lifts Rocket Lab Target to $50 on Neutron Momentum and Government Contracts
Rocket Lab USA, Inc. (NASDAQ:RKLB) is one of the best space stocks to buy according to hedge funds. Fresh off a Citi analyst report earlier in July, Rocket Lab's stock got a solid thumbs-up. Citi's Jason Gursky maintained a Buy rating and boosted the 12-month price target from $33 to $50, citing the company's impressive Neutron development and expanding satellite-systems business. Gursky's note doesn't just toss around optimism – it's backed by a detailed shift in valuation: moving the revenue forecast timeline from 2027 to 2029, projecting ~$2.6 billion in revenue driven by 20 Neutron launches annually, plus robust satellite contracts, especially from U.S. government programs. Citi's model even factors in ~$50 M in recurring revenue from the pending Geost acquisition, set to close in H2 2025. Rocket Lab USA, Inc. (NASDAQ:RKLB) was founded in New Zealand and now operates out of California. Rocket Lab is primarily known for the small rocket Electron, which is cheap and quick to manufacture and set up, and is also partially reusable. Rocket Lab has successfully carved out a niche for itself in the industry. Small rockets are much more suitable for responsive missions, and while the cost per kilogram is obviously higher than larger rockets, it is offset by agility. The company has successfully attracted small-satellite-business customers that want tailored mission profiles or don't want to wait for rideshare to fill up in larger rockets. Furthermore, the company's Neutron rocket is set to be an alternative to SpaceX's Falcon9. While we acknowledge the potential of RKLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None. 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
Globe and Mail
2 days ago
- Business
- Globe and Mail
Why Shares of Rocket Lab Lifted Off Today
Key Points Rocket Lab is a leading launch services provider. Bank of America has upwardly revised its price target due, in part, to the potential of the company's Neutron rocket. Because it's an unprofitable company, investors should only consider Rocket Lab if they're comfortable with a higher-risk investment. 10 stocks we like better than Rocket Lab › Each day this week, shares of Rocket Lab (NASDAQ: RKLB) have closed higher than where they ended the previous day's trading session. The trend doesn't show signs of stopping today. With an analyst's positive outlook for Rocket Lab stock, investors are continuing to click the buy button on the launch services provider. As of 2:06 p.m. ET, shares of Rocket Lab are up 10.6%. Development of a new rocket has this analyst optimistic Maintaining its buy rating, Bank of America hiked its price target on Rocket Lab stock to $50 from $30. According to The Fly, the more auspicious view of the space stock is predicated on the favorable outlook for the Neutron rocket as well as the company's strength in satellite development position will provide more diverse offerings to customers. Unlike its current rocket, Electron, the Neutron rocket is capable of larger payloads, and management is looking to its development as a major engine of growth for the company. In March, Rocket Lab announced that the United States Space Force has chosen the Neutron rocket to compete for contracts from the National Security Space Launch program, which has a five-year ordering period that extends through June 2029 and has a maximum value of $5.6 billion. Rocket Lab expects the first launch of Neutron to occur in the second half of 2025. What's a potential Rocket Lab investor to do now? It's important for those weighing an investment in Rocket Lab to remember that analysts often have shorter investing horizons than the long-term holding periods many investors favor. News of the higher price target, therefore, should be of little consequence. Instead, the company's robust backlog and progress with the Neutron program provide more concrete factors that can support an investment. Of course, since the company is still unprofitable, only investors comfortable with a more speculative investment will want to consider Rocket Lab at this point. Fortunately, there are other space stocks to consider if Rocket Lab is deemed too speculative. Should you invest $1,000 in Rocket Lab right now? Before you buy stock in Rocket Lab, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Rocket Lab wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $674,281!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,050,415!* Now, it's worth noting Stock Advisor's total average return is 1,058% — a market-crushing outperformance compared to 179% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 15, 2025
Yahoo
2 days ago
- Business
- Yahoo
Rocket Lab (RKLB) Stock Is Up, What You Need To Know
What Happened? Shares of aerospace and defense company Rocket Lab (NASDAQ:RKLB) jumped 3.1% in the morning session after Bank of America Securities analyst Ronald Epstein significantly raised the price target for the space company. The analyst increased the price target to $50.00 from $30.00, a substantial 66.67% jump, while maintaining a "Buy" rating on the stock. This boosted investor confidence, signaling a strong belief in the company's future growth and market position. The positive sentiment was echoed by CNBC's Jim Cramer, who recently called Rocket Lab "one of the hottest stocks in the universe" and reiterated his "buy, buy, buy" recommendation. This enthusiasm stems from the company's crucial role in providing launch services and spacecraft manufacturing for a growing number of companies needing to send assets to space. After the initial pop the shares cooled down to $46.56, up 4.4% from previous close. Is now the time to buy Rocket Lab? Access our full analysis report here, it's free. What Is The Market Telling Us Rocket Lab's shares are extremely volatile and have had 75 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 2 days ago when the stock gained 7.2% on the news that the company received a significant price target increase from Citi and announced a key partnership for its reusable Neutron rocket. Citi analyst Jason Gursky raised the firm's price target on Rocket Lab to $50 from $33, maintaining a "Buy" rating. The upgrade reflects a new valuation model that looks ahead to the company's revenue potential in 2029, by which time Citi projects revenue could reach approximately $2.6 billion, driven by 20 annual Neutron launches and new satellite contracts. Adding to the positive momentum, Rocket Lab announced it has awarded a contract to Bollinger Shipyards to construct the ocean landing platform for its reusable Neutron rocket. The 400-foot vessel, named 'Return On Investment', is a critical piece of infrastructure that will enable the rocket to land at sea and be reused for future missions. This reusability is fundamental to the Neutron program's strategy to increase launch frequency and serve a growing market for large satellite deployments and national security missions. Rocket Lab is up 86.6% since the beginning of the year, and at $46.56 per share, has set a new 52-week high. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. 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
Time of India
2 days ago
- Business
- Time of India
Rocket Lab shoots up 8% after analysts raise price targets — is this the start of a bigger run?
Rocket Lab is expected to open at a new high today. The stock was up 2.5% in pre-market trading. It hit a new high of $48.07 during Wednesday's session. In pre-market today, the price reached $48.68. In the last week, the stock has gone up nearly 20%. In the last month, it's up by an amazing 80%, according to the report by Asktraders. What's causing the big move? The rise happened because of a mix of good news, including positive analyst upgrades, excitement about the upcoming Neutron rocket, and talk about new government contracts. The stock is growing even though some people are still worried about possible NASA budget cuts, as per the reports. Explore courses from Top Institutes in Select a Course Category CXO Data Science Technology Degree Project Management Data Science Digital Marketing Leadership Management Design Thinking others Cybersecurity Finance Data Analytics Others Artificial Intelligence Operations Management Healthcare Public Policy PGDM MBA Product Management MCA healthcare Skills you'll gain: Customer-Centricity & Brand Strategy Product Marketing, Distribution, & Analytics Digital Strategies & Innovation Skills Leadership Insights & AI Integration Expertise Duration: 10 Months IIM Kozhikode IIMK Chief Marketing and Growth Officer Starts on Apr 7, 2024 Get Details Skills you'll gain: Operations Strategy for Business Excellence Organizational Transformation Corporate Communication & Crisis Management Capstone Project Presentation Duration: 11 Months IIM Lucknow Chief Operations Officer Programme Starts on Jun 30, 2024 Get Details Skills you'll gain: Technology Strategy & Innovation Emerging Technologies & Digital Transformation Leadership in Technology Management Cybersecurity & Risk Management Duration: 24 Weeks Indian School of Business ISB Chief Technology Officer Starts on Jun 28, 2024 Get Details Skills you'll gain: Digital Strategy Development Expertise Emerging Technologies & Digital Trends Data-driven Decision Making Leadership in the Digital Age Duration: 40 Weeks Indian School of Business ISB Chief Digital Officer Starts on Jun 30, 2024 Get Details This shows investors still believe in Rocket Lab's long-term success. Over the past year, the stock has risen by more than 770%, which caught the attention of big investors and newcomers in the space sector, as stated by Asktraders report. ALSO READ: BlackRock goes big on crypto — adds $916 million in Bitcoin and Ethereum in just 16 days What is the Neutron rocket and why is it so important? Rocket Lab is planning to launch its Neutron rocket in the second half of 2025. Neutron is a medium-lift launch vehicle. It can carry bigger and heavier satellites than before. This rocket will help Rocket Lab compete for bigger and more complex missions, as per the Asktraders. Live Events One of the main goals is to qualify for the U.S. Space Force's NSSL Phase 3 Lane 1 program. That NSSL program could be worth up to $5.6 billion over five years. Rocket Lab has also signed a multi-launch deal with a private commercial satellite company, whose name was not shared, as per the reports. This shows that there is real demand for the Neutron rocket, even before it has launched. This commercial deal gives Rocket Lab a steady future income stream. Analyst upgrades are fueling the momentum Analysts from Bank of America and Citi recently gave Rocket Lab a "Buy" rating. They both increased their price target to $50. They said Rocket Lab's future looks strong because of the upcoming Neutron rocket. Its growing satellite business. Its strategic partnerships, as mentioned by the Asktraders. Citi especially praised Rocket Lab for getting a confirmed customer for the Neutron rocket — a big sign that the market trusts the new product. ALSO READ: Melania's blunt 4-word response to married Donald Trump for money claim resurfaces, and is going viral again Risk factors to keep in mind The stock price has gone up very quickly, which has made it very expensive based on past valuation levels. There are worries of a short-term price drop or correction. Rocket Lab still has to finish building and launching the Neutron rocket, which can be complex and unpredictable, as per the report by Asktraders. While the threat of NASA budget cuts is still there, some of that risk is balanced by possible government contracts in other areas. Investors should stay careful because the stock may have high volatility, even though its long-term plan looks strong, as per the reports. Could this be just the beginning? Rocket Lab's stock is rising fast with strong support from analysts, investors, and its future projects. The Neutron rocket, government contracts, and analyst upgrades are all pushing the price higher, according to the report by Asktraders. But with the stock already so high, there may be big swings ahead. The company's future looks exciting, but smart investors will watch carefully as it hits key milestones, as per the reports. FAQs Q1. Why is Rocket Lab stock going up so fast? Rocket Lab stock is rising due to analyst upgrades, excitement about its Neutron rocket, and hopes for big government contracts. Q2. What is Rocket Lab's Neutron rocket and why is it important? Neutron is a new medium-lift rocket launching in 2025 that could help Rocket Lab win billion-dollar space missions. Economic Times WhatsApp channel )
Yahoo
3 days ago
- Business
- Yahoo
Jim Cramer Notes Rocket Lab is 'One of the Hottest Stocks in the Universe'
Rocket Lab Corporation (NASDAQ:RKLB) is one of the stocks in Jim Cramer's spotlight. A caller inquired after Cramer's thoughts on the stock, and he replied: 'Oh man, this is one of the hottest stocks in the universe. This is one of the stocks where, remember, I changed my mind. I said, look, if there can be an article that moves a stock up 10%, 15%, I'm going to recommend it. This Rocket Lab has been right now for the last 10 points, it's going to continue to be right. What can I say? I say [buy, buy, buy].' A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space. Rocket Lab (NASDAQ:RKLB) provides launch services, spacecraft manufacturing, and orbital solutions, including small and medium-class rockets like Electron and the upcoming Neutron. In a May episode, Cramer called it a 'decent story,' as he said: 'You know what, this Rocket Lab's initially, I have to tell you because I don't like companies that lose a lot of money, I was skeptical, but so many companies need to put up rockets. I think it's actually a decent story, and that's a spec that I've not recommended until just now.' While we acknowledge the potential of RKLB as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
