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Rocket Pharmaceuticals ( (RCKT) ) has issued an announcement.
On July 23, 2025, Rocket Pharmaceuticals initiated a strategic reorganization and pipeline prioritization plan, approved by its Board on June 18, 2025, to enhance near-term value and extend its operational runway into 2027. This plan includes a 30% workforce reduction, expected to lower operating expenses by 25%, with completion anticipated by August 8, 2025. The restructuring will incur approximately $3.5 million in charges, primarily for severance and termination benefits, with potential for additional unforeseen expenses.
The most recent analyst rating on (RCKT) stock is a Buy with a $29.00 price target. To see the full list of analyst forecasts on Rocket Pharmaceuticals stock, see the RCKT Stock Forecast page.
Spark’s Take on RCKT Stock
According to Spark, TipRanks’ AI Analyst, RCKT is a Underperform.
Rocket Pharmaceuticals’ overall score reflects its position as a biotechnology firm in the development phase, with significant financial risks due to its lack of revenue and reliance on external financing. Technical indicators suggest potential volatility, while the negative P/E ratio highlights current valuation challenges. The company’s strong equity position is a positive factor, but ongoing cash burn remains a critical concern.
To see Spark’s full report on RCKT stock, click here.
More about Rocket Pharmaceuticals
Rocket Pharmaceuticals, Inc. operates in the biotechnology industry, focusing on developing gene therapies for rare and devastating diseases. The company aims to provide innovative solutions to unmet medical needs, thereby enhancing patient outcomes and advancing the field of genetic medicine.
Average Trading Volume: 4,986,891
Technical Sentiment Signal: Sell
Current Market Cap: $363.1M
See more data about RCKT stock on TipRanks’ Stock Analysis page.