Rocket Lab (RKLB), the space launch and satellite systems company, continues drawing strong Wall Street attention after reporting record quarterly revenue earlier this month. Even after the stock’s rally of about 400% over the past year, top Cantor Fitzgerald analyst Andres Sheppard said a “major catalyst” could still be ahead as Rocket Lab moves closer to the first launch of its Neutron rocket later this year.
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Following the company’s Q1 2026 results, the 5-star analyst kept an Overweight rating and $96 price target on RKLB stock. The analyst remains bullish after Rocket Lab reported record first-quarter revenue of about $200.3 million, above Wall Street estimates.
Neutron Launch Remains the Big Focus
According to Sheppard, Rocket Lab’s upcoming Neutron launch remains one of the company’s biggest future growth drivers. Management also reaffirmed that the rocket remains on track for its first launch later this year.
Rocket Lab has now completed 87 successful launches, which the analyst believes gives the company an important edge in the growing space industry. Sheppard said Rocket Lab’s launch history continues to separate it from many newer space companies still trying to prove their systems.
For Fiscal 2026, Cantor Fitzgerald expects Rocket Lab to complete 27 launches across its Electron and Haste rockets.
Why Analysts Still Like RKLB Stock
The analyst also pointed to Rocket Lab’s growing business mix as another strength. Along with launch services, the company builds satellite systems for both commercial and government customers across the U.S. and international markets.
Rocket Lab also operates dedicated launch sites in both New Zealand and the United States, while its three rocket programs — Electron, Haste, and Neutron — give the company exposure across different parts of the space market.
Is RKLB Stock a Good Buy?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on RKLB stock based on 11 Buys, four Holds, and zero Sells assigned in the past three months. The average RKLB price target of $100.17 per share implies 24% downside potential.
