Rocket Lab's revenue surged 71% YoY to $106M in Q2 2024, with gross margins remaining steady, indicating efficient revenue scaling without sacrificing profitability. The Neutron rocket project, crucial for Rocket Lab's future, is progressing well but has a delayed launch date to mid-2025. Rocket Lab's Electron rocket remains the most frequently launched small rocket globally, showcasing the company's strong operational capabilities in a challenging industry.
This company has large ambitions, but that doesn't come without risks.
Rocket Lab USA competes with SpaceX and has made 11 launches in 2024.
Rocket Lab's stock surged over 100% in the past year due to growing investor optimism over the company's future. Neutron is on the horizon and the backlog continues to grow. Despite some risks, RKLB looks like an interesting long-term play.
Rocket Lab stock is up over 80% this year.
Rocket Lab USA Inc. RKLB shareholders recently saw RKLB stock hit a new 52-week high of $8.98 per share. As of this writing, it's pulled back a little to $8.69 per share but is still one of the best-performing stocks in 2024 and over the last 12 months.
Rocket Lab USA Inc.'s shares are soaring 12.1% Friday, boosted by KeyBanc Capital Markets' price-target hike for the space-launch company.
Rocket Lab is up nearly 40% this week, thanks in part to a price target hike from KeyBanc. KeyBanc analyst Michael Leshock believes Rocket Lab will succeed in scaling its business, and become a leader in the space industry.
Rocket Lab USA, Inc. (RKLB) closed at $8.69 in the latest trading session, marking a +0.81% move from the prior day.
Rocket Lab USA Inc. NASDAQ: RKLB shareholders recently saw RKLB stock hit a new 52-week high of $8.98 per share. As of this writing, it's pulled back a little to $8.69 per share but is still one of the best-performing stocks in 2024 and over the last 12 months.
Rocket Lab (RKLB) stock is firing on all cylinders, making it one of the best performing companies in Wall Street. It soared to a high of $8.96, its highest point since March 2022 and over 150% from its lowest level this year.
Rocket Lab USA, Inc. has significant growth potential with its Electron and Neutron rockets, targeting small and medium-lift satellite markets and deeper space projects. Despite negative EBITDA and cash burn, Rocket Lab's future looks promising with a $1 billion backlog and increasing space system contracts. The stock is currently fairly valued against FY24 and FY25 sales, but future growth opportunities are not fully reflected, presenting an investment opportunity.