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.
Intuitive Machines shares soared recently in response to winning a major contract with NASA. Rocket Lab USA is arguably more attractive in that it offers a more practical and reliably marketable service.
Rocket Lab's Electron vehicle is the second-most-used orbital rocket in the U.S. Its Neutron launch vehicle could increase its carrying capacity and is expected to launch around mid-2025. The company is investing heavily in research and development and may not be cash flow positive for at least a couple of years.
Investors interested in RKLB should wait for a better entry point, considering its premium valuation. Those who already own this stock may continue to do so.
Rocket Lab USA, Inc. (RKLB) closed at $7.17 in the latest trading session, marking a +0.7% move from the prior day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Rocket Lab said on Thursday that the scheduled launch of its Electron rocket into space from a facility in New Zealand was aborted just prior to lift off due to issues with on ground support equipment.
The 8x forward sales multiple takes into account Rocket Lab's promising growth prospects and substantial backlog of contracts. Despite the current volatility in revenue growth, the company's strong balance sheet provides stability for future investments. Rocket Lab's advancements with its Neutron rocket and expanding capabilities contribute to its long-term value.