Gautam Khanna, an analyst from TD Cowen, maintained the Buy rating on Rocket Lab USA. The associated price target remains the same with $60.00.
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Gautam Khanna has given his Buy rating due to a combination of factors including Rocket Lab USA’s strategic positioning and future potential. Despite some delays in the Neutron launch timeline, the company is making significant investments in its development, which is expected to enhance its competitive edge in the space launch market. The management’s plan to position Neutron into the launch complex by early 2026 indicates a commitment to advancing their capabilities.
Additionally, Rocket Lab’s Q4 outlook suggests a potential increase in sales with a guided gross margin that exceeds market expectations, provided the launch manifest is achieved. The company’s involvement in bidding for the SDA Tranche 3 contract as both a prime and a subcontractor also presents opportunities for future growth. Although there are some risks associated with the Q4 EBITDA guidance, the strategic initiatives and potential contract wins contribute to the optimistic Buy rating.
In another report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $75.00 price target.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RKLB in relation to earlier this year.