BTIG analyst Andre Madrid has maintained their neutral stance on RKLB stock, giving a Hold rating today.
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Andre Madrid has given his Hold rating due to a combination of factors impacting Rocket Lab USA’s current and future performance. The company reported higher-than-expected sales and a smaller-than-anticipated EBITDA loss, driven by strong launch sales and improved gross margins. However, despite these positive financial results, there are uncertainties surrounding the upcoming Neutron launch, which is scheduled for the second half of 2025. The potential for delays in this critical project adds a level of risk that justifies a cautious stance.
Additionally, while Rocket Lab is making strategic moves, such as the acquisition of Geost to enhance its capabilities in payload development and its progress in entering international markets, the valuation of the stock remains a concern. Trading at a high multiple compared to its peers, the stock’s current valuation suggests limited upside potential. These factors collectively lead to the Hold rating, as the risks and opportunities appear balanced at this time.
According to TipRanks, Madrid is a 5-star analyst with an average return of 30.3% and a 79.45% success rate. Madrid covers the Industrials sector, focusing on stocks such as Carpenter Technology, V2X, and BWX Technologies.
In another report released today, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $47.00 price target.