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Rocket Lab (NASDAQ: RKLB) reported Q3 earnings on [insert date], delivering a record revenue of $155.08 million, a 48% increase year-over-year. Despite a recent 40% drop from all-time highs, the stock remains up over 120% in the past year and 71% year-to-date. The company’s market cap is approximately $23 billion, with an institutional ownership nearing 72% after $3.5 billion in inflows over the last 12 months.
Analysts are optimistic, raising price targets, with Stifel Nicolaus increasing its rating target from $65 to $75, and consensus now at an all-time high of $58.17, indicating roughly 33% upside potential. Rocket Lab holds over $1 billion in cash, allowing continued investment in future projects, including the Neutron rocket, which is expected to launch early next year.
For Q4, Rocket Lab guided revenue between $170 million and $180 million, aiming for continued growth in both its Launch Services and Space Systems segments. The stock is currently testing a significant support level around $40, and reclaiming the $50 mark could indicate a positive trend amid long-term prospects.
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