In a report released today, Ryan Koontz from Needham maintained a Buy rating on Rocket Lab USA, with a price target of $63.00.
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Ryan Koontz’s rating is based on Rocket Lab USA’s impressive third-quarter performance, where the company reported revenues that exceeded market expectations by 2%. The company’s Space Systems and Launch segments showed significant year-over-year growth, with Space Systems growing by 36% and Launch by 95%. Additionally, the gross margin for the Neutron segment showed a substantial improvement, increasing by 1,060 basis points year-over-year.
Despite some delays in the Neutron ramp-up, Koontz remains optimistic about the potential of Rocket Lab’s Electron and Haste opportunities, supported by strong international bookings and the prospect of securing large government satellite contracts. The analyst has adjusted the revenue estimates for fiscal year 2025 upwards, while maintaining a flat estimate for 2026, and has slightly reduced EBITDA estimates due to higher operating expenses. Furthermore, Koontz has increased the price target for Rocket Lab USA to $63, reflecting confidence in the company’s strong execution and promising long-term opportunities.
In another report released today, 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.