Rocket Lab (RKLB) Receives Price Target Hikes After Strong Q3 Earnings
Rocket Lab's third-quarter performance has sparked a wave of Optimism among analysts, with multiple firms raising price targets. Needham's Ryan Koontz lifted his target to $63 from $55, citing a 2% revenue beat and robust growth in both Space Systems (up 36%) and Launch (up 95%) segments. Gross margins exceeded expectations, with management guiding for even stronger Q4 results.
Stifel echoed the bullish sentiment, increasing its target to $75 from $65. The firm highlighted Rocket Lab's revenue and margin outperformance, along with accelerated Q4 growth projections. While the Neutron rocket's launch timeline has shifted to early 2026, analysts view the delay as a strategic MOVE to prioritize execution over haste.
Roth Capital joined the chorus, raising its target to $75 from $60. The upgrades reflect growing confidence in Rocket Lab's dual-segment growth strategy and path to profitability.
