Rocket Lab (RKLB) has been one of the most closely watched space stocks in 2026, though its share price has been quite volatile this year. The bigger picture hasn’t changed. The company’s ambitious Neutron launch, growing commercial contracts, and expanding role in space infrastructure continue to capture investor attention. Notably, Wall Street remains optimistic, with analysts projecting an average upside of around 30%.
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For context, Rocket Lab is a space launch company specializing in small orbital rockets and satellite solutions, best known for its Electron rocket and upcoming Neutron launch vehicle.
Neutron Rocket: A Major Catalyst Ahead for Rocket Lab
A big growth driver for Rocket Lab is its Neutron rocket, a 43-meter partially reusable vehicle designed for satellite launches and cargo missions. The company recently said that key parts, like the “Hungry Hippo” fairing and thrust structure, are ready for final assembly. Neutron is expected to take off in late 2026 or early 2027, making Rocket Lab a direct competitor to SpaceX’s Falcon 9 and giving the company a chance to boost profits as one of the few commercial alternatives.
Four-star-rated analyst Gregory Pendy at Clear Street stated that Rocket Lab’s Neutron could tap into a larger market and generate higher revenue per mission compared with Electron, making it a key growth catalyst for the company.
Analysts’ Views on RKLB Stock
Earlier this week, five-star-rated analyst Trevor J. Walsh at Citizens upgraded Rocket Lab from Hold to Buy, keeping his price target at $85, signaling roughly 25% upside from current levels. Walsh highlighted that current share prices offer a strong entry point. He further cited Rocket Lab’s diversification beyond rocket launches into defense and space services, which could bring higher margins and more stable growth.
Additionally, he noted that the anticipated SpaceX IPO—potentially valuing the company at $2 trillion—is drawing investor attention to the space sector, which could further boost interest in Rocket Lab and its growth prospects.
Meanwhile, Roth MKM’s top-rated analyst Sujeeva De Silva reaffirmed a Buy rating for RKLB, maintaining a price target of $90. De Silva is optimistic that the company’s expansion into building satellite components will pay off significantly. He noted that Rocket Lab is “successfully diversifying into Space Systems,” moving beyond just rocket launches. The analyst also highlighted the company’s growing backlog of orders, which he says demonstrates “significant growth potential.”
Is RKLB a Good Stock to Buy?
According to TipRanks, RKLB stock has received a Moderate Buy consensus rating, with 10 Buys and five Holds assigned in the last three months. The average price target for Rocket Lab is $86.77, suggesting an upside of 30% from the current level.
