Deutsche Bank rated Rocket Lab stock a buy on Sunday, calling it one of the best industrial stocks to own over the next year. Rocket Lab's book of business is growing, but it is not yet profitable.
Rocket Lab recently hit 50 Electron rocket launches, a huge milestone for the business. It is prepping its new larger rocket called the Neutron.
Rocket Lab reached a milestone, launching its 50th Electron rocket. The aerospace company is now working on a larger Neutron rocket.
Rocket Lab's Electron hit 50 launches -- the fastest in history. It is working on a larger Neutron rocket.
Rocket Lab has a lot of opportunities in the space economy. It competes with a $200 billion behemoth, SpaceX.
Rocket Lab completed its 50th commercial launch and is set to receive federal funding thanks to the CHIPS Act. Cathie Wood has been adding to her position in Rocket Lab over the last couple of months across her ETFs.
Rocket Lab USA, Inc. (RKLB) concluded the recent trading session at $4.74, signifying a -1.86% move from its prior day's close.
When it comes to investing in small companies successfully, investors need to be ready to go through periods where improvements to company fundamentals will yield little to no returns. Rocket Lab's stock has declined despite promising developments, including a $515 million government contract and a new deal with Synspective for 10 Electron launches. Rocket Lab's pipeline is strengthening with new contracts, and the company's Space Systems business is expected to drive growth.
Rocket Lab has been launching rockets for Japan's Synspective since 2020 -- and just landed its biggest launch order ever. Over the next three years, Rocket Lab will launch 12 total rockets for Synspective, and put 12 more of the company's SAR satellites in orbit.
Rocket Lab launched its 50th Electron rocket into orbit this week. The company is scaling up to try to compete with SpaceX.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Rocket Lab NASDAQ: RKLB is more than a launch company; investors must remember that its business is launching rockets, which drives the stock price. The latest news is a new deal with Japanese firm Synspective for ten more launches.