Analyst Ryan Koontz of Needham reiterated a Buy rating on Rocket Lab USA, retaining the price target of $63.00.
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Ryan Koontz has given his Buy rating due to a combination of factors, including the significant progress Rocket Lab USA has made with its Electron launch vehicle. The company’s advancements in small capacity launches have led to notable revenue growth and an expansion in gross margins.
Additionally, Rocket Lab’s steady progress in its Space Systems division, particularly in satellite manufacturing and components like solar arrays, is promising. The company’s focus on future opportunities, such as the PWSA Tranche 3, and the anticipated success of the Neutron launch expected in 2026, further support the positive outlook. Koontz is optimistic about the sustainable profitability achieved by Electron and expects similar achievements with Neutron in the coming years.
Koontz covers the Technology sector, focusing on stocks such as Extreme Networks, Lantronix, and Applied Optoelectronics. According to TipRanks, Koontz has an average return of 8.4% and a 44.70% success rate on recommended stocks.
In another report released on November 19, Bank of America Securities also reiterated a Buy rating on the stock with a $60.00 price target.