“What more do you want?” asked KeyBanc analysts led by Michael Leshock in a late Wednesday note downgrading Rocket Lab shares to sector weight from overweight.
Rocket Lab (RKLB) has delivered over 550% returns since my November 2024 'Buy' rating initiation. The upcoming Neutron rocket launch in mid-2026 is a major catalyst, targeting the lucrative medium-lift constellation market with a reusable, cost-effective design. I think RKLB is nearing an EBITDA breakeven point as R&D spending on Neutron peaks and gross margins expand toward a non-GAAP target of 44%.
The latest trading day saw Rocket Lab Corporation (RKLB) settling at $86.58, representing a -1.5% change from its previous close.
Rocket Lab secured an $816M U.S. Space Development Agency contract, marking its largest and a pivotal defense sector win. RKLB's space systems segment, not launches, is the primary growth driver, with proprietary tech like Phoenix and StarLite gaining government validation. Valuation is stretched at 79x EV/sales, reflecting high-growth expectations but leaving little room for execution missteps.
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Momentum is running hot for Rocket Lab NASDAQ: RKLB, as shares continue to surge to fresh all-time highs. The aerospace and defense company has been a consistent focus of MarketBeat in recent months, with specific attention paid to its expanding contract pipeline, increasingly constructive technical setup, and sector-wide momentum.
Rocket Lab Corporation is rated a Strong Buy as it approaches profitability and demonstrates accelerating revenue growth. RKLB delivered a major EPS beat in Q3 (-$0.02 vs. expected -$0.06) and achieved 100% launch success in 2025. Significant international expansion and validation include contracts with JAXA, ESA, the Canadian Space Agency, and a landmark $816M U.S. military deal.
Rocket Lab stock (RKLB) has experienced significant growth recently—up 67% in just a month. Should you invest now, or is this trend becoming too costly?
Rocket Lab surges 66.9% in a month, driven by launches and major contracts. However, premium valuation and high costs raise questions about buying the stock now.
In the most recent trading session, Rocket Lab Corporation (RKLB) closed at $78.14, indicating a +2.83% shift from the previous trading day.
Rocket Lab ( NASDAQ:RKLB ) stock climbed about 30% in one week in December following reports of a planned SpaceX initial public offering in 2026 at a valuation of up to $1.5 trillion.
The momentum has shown little sign of slowing for Rocket Lab NASDAQ: RKLB. Shares of the aerospace and defense company have gone from strength to strength, rising roughly 1,775% over the past three years and nearly 175% year to date.