Rocket Lab

RKLB · NASDAQ

$50.90−$0.46 (−0.90%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $51.36

RKLB analyst rating

BuyConsensus of 20 analysts over the last 12 months. 80% rate it a buy.

Strong buy0
Buy16
Hold4
Underperform0
Sell0

12-month price target · 23 analysts

Average $111.05 (+118.2% upside)

Low: $64.64
Now: $50.90
High: $141.75

Upgrades and downgrades

The latest rating actions, newest first

RKLB analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citizens	Oct 16, 2026	Maintains	Market Outperform	$130.00 → $90.00	68%
TD Cowen	Oct 15, 2026	Maintains	Buy	$90.00	63%
Keybanc	Oct 15, 2026	Maintains	Overweight	$135.00 → $100.00	37%
Cantor Fitzgerald	Oct 15, 2026	Maintains	Overweight	$122.00	59%
TD Cowen	Oct 9, 2026	Maintains	Buy	$120.00 → $90.00	63%
Barclays	Oct 9, 2026	Initiates	Overweight	$85.00	26%
Citigroup	Oct 1, 2026	Initiates	Buy	$105.00	27%
Raymond James	Sep 11, 2026	Initiates	Outperform	$80.00	57%
B of A Securities	Aug 31, 2026	Maintains	Buy	$115.00 → $110.00	57%
Citizens	Aug 11, 2026	Maintains	Market Outperform	$130.00	68%

The case for and against

Updated Oct 21, 2026

Bull case

Rocket Lab is supported by a differentiated, vertically integrated model that combines launch services, spacecraft, and expanding Space Systems revenue, with Space Systems already contributing more than 66% of total revenue. Its 97 successful launches, including 21 in FY25 and 18 YTD with 100% mission success, reinforce a strong execution record, while Neutron’s ~13,000 kg payload capacity and $50M-$55M expected ASP could materially improve unit economics versus Electron and Haste. Large contract wins such as the $515M SDA Tranche 2 award, the $805M SDA Tranche 3 opportunity, and the planned Iridium acquisition add scale, diversification, and potentially stronger recurring revenue and margins.

Bear case

Rocket Lab is facing a more challenging fundamental backdrop because the inaugural Neutron launch has slipped into 2027 after defects were found in a first-stage tank component, delaying the company’s ability to convert that program into revenue and likely pushing follow-on launches further out. That setback reduces modeled launch cadence, trims FY27 revenue to $1,186.3M from $1,299.3M, and creates a further FY28 revenue hit, while also implying higher costs and continued negative gross margin on early launches. The outlook is also weighed down by execution and competitive risk, inconsistent demand, reliance on government contracts, and broader budget pressure that could affect defense spending and short-cycle services.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.