Wall Street Raises the Bar on Rocket Lab Stock (RKLB) with Upgraded Price Targets

Wall Street analysts have raised their price targets on Rocket Lab USA (RKLB) stock, reflecting growing confidence in the space company’s growth potential. The upgraded ratings come amid optimism over Rocket Lab’s expanding launch cadence, its recent acquisitions, and increasing relevance in the space economy.

KeyBanc Boosts RKLB Price Target on Growing M&A Optimism

Yesterday, five-star-rated analyst Michael Leshock at KeyBanc raised his price target on RKLB from $28 to $29 while keeping his Buy rating. KeyBanc’s decision to raise Rocket Lab’s price target highlights increased confidence in the company’s strategic direction and recent M&A activity. Leshock pointed to the company’s continued push for vertical integration, especially through its acquisition of Geost last week, which strengthens its position in the satellite payload space. The move is expected to support the company’s expansion into defense-related satellite constellation projects.

Leshock further highlighted that Rocket Lab is actively delivering on $515 million worth of Tranche 2 contracts with the Space Development Agency (SDA). Its recent acquisition of Geost is seen as a strategic move to bolster its capabilities and improve its chances of winning Tranche 3, expected to be announced in October. If awarded, the next round could exceed the value of the current $515 million deal, further cementing Rocket Lab’s foothold in the defense satellite constellation market.

He also pointed to steady advancements in Rocket Lab’s Neutron rocket development, with the inaugural launch still slated for the second half of 2025. Leshock stated that much of the launch pad infrastructure is expected to be completed in the near term, marking a key milestone that aligns with the company’s long-term growth plans.

Likewise, Deutsche Bank’s Edison Yu reiterated his Buy rating on RKLB stock from $24 to $27.

Is Rocket Lab Stock a Buy?

According to TipRanks, RKLB stock has received a Moderate Buy consensus rating, with nine Buys and four Holds assigned in the last three months. The average Rocket Lab stock price target is $28.73, suggesting a potential upside of 7.5% from the current level.

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