Bank of America Issues Positive Forecast for Rocket Lab (NASDAQ:RKLB) Stock Price

Posted by Scott Moore on Jun 30th, 2026

Rocket Lab (NASDAQ:RKLB – Get Free Report) had its target price lifted by Bank of America from $105.00 to $115.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the rocket manufacturer’s stock. Bank of America‘s price objective indicates a potential upside of 19.72% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Wells Fargo & Company initiated coverage on shares of Rocket Lab in a research report on Wednesday, April 1st. They set an “equal weight” rating and a $60.00 price objective for the company. BTIG Research restated a “hold” rating on shares of Rocket Lab in a report on Tuesday, May 12th. Clear Str raised shares of Rocket Lab to a “strong-buy” rating in a research report on Wednesday, March 18th. KeyCorp raised shares of Rocket Lab from a “sector weight” rating to an “overweight” rating and set a $135.00 target price for the company in a research note on Monday, June 15th. Finally, Stifel Nicolaus set a $132.00 target price on Rocket Lab in a report on Thursday, June 4th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.24.

Read Our Latest Research Report on RKLB

Rocket Lab Stock Down 2.0%

Shares of RKLB traded down $1.95 on Tuesday, hitting $96.06. The company’s stock had a trading volume of 10,079,097 shares, compared to its average volume of 24,934,561. The company has a quick ratio of 4.02, a current ratio of 4.47 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $107.78 and its 200-day moving average price is $85.40. Rocket Lab has a fifty-two week low of $33.73 and a fifty-two week high of $151.00. The firm has a market capitalization of $55.59 billion, a price-to-earnings ratio of -304.67 and a beta of 2.48.

Rocket Lab (NASDAQ:RKLB – Get Free Report) last posted its earnings results on Thursday, May 7th. The rocket manufacturer reported ($0.07) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.07). The business had revenue of $200.35 million during the quarter, compared to analysts’ expectations of $189.65 million. Rocket Lab had a negative return on equity of 11.72% and a negative net margin of 26.87%.Rocket Lab’s revenue for the quarter was up 63.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.12) EPS. On average, equities research analysts expect that Rocket Lab will post -0.29 EPS for the current year.

Insiders Place Their Bets

In related news, insider Marvin Bradford Clevenger sold 3,500 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $146.67, for a total transaction of $513,345.00. Following the completion of the transaction, the insider owned 473,975 shares in the company, valued at approximately $69,517,913.25. This represents a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexander R. Slusky sold 40,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $123.60, for a total transaction of $4,944,000.00. Following the completion of the transaction, the director directly owned 334,675 shares of the company’s stock, valued at approximately $41,365,830. This trade represents a 10.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 573,515 shares of company stock valued at $76,412,122 over the last 90 days. 8.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rocket Lab

Several hedge funds have recently modified their holdings of RKLB. Aventura Private Wealth LLC acquired a new position in Rocket Lab during the fourth quarter valued at approximately $25,000. Mcguire Capital Advisors Inc. acquired a new stake in Rocket Lab in the fourth quarter valued at $27,000. Zions Bancorporation National Association UT bought a new position in shares of Rocket Lab in the 4th quarter valued at about $28,000. EverSource Wealth Advisors LLC lifted its stake in Rocket Lab by 109.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 796 shares of the rocket manufacturer’s stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Rocket Lab in the 4th quarter valued at about $29,000. Institutional investors own 71.78% of the company’s stock.

Key Stories Impacting Rocket Lab

Here are the key news stories impacting Rocket Lab this week:

Positive Sentiment: Rocket Lab announced a definitive agreement to acquire Iridium, adding a global satellite communications network, spectrum rights, and a large customer base to its existing launch and spacecraft businesses. Rocket Lab to buy satellite communications firm Iridium in $8 billion deal
Positive Sentiment: Analysts and market commentators say the deal improves Rocket Lab’s financial profile by adding higher-margin recurring revenue, making the company look more like a “space powerhouse” and a closer competitor to SpaceX. Rocket Lab’s (RKLB) Iridium Acquisition Adds the Cash Flow It Was Missing
Positive Sentiment: Several analysts raised price targets or turned more bullish after the announcement, citing Rocket Lab’s “formidable” competitive position and its evolution into a vertically integrated space platform. Top Analyst Raises Rocket Lab Stock Price Target, Cites ‘Formidable’ Competitive Position
Neutral Sentiment: More bullish coverage also highlighted Rocket Lab’s long-term strategy to challenge SpaceX by combining launch services with satellite communications and recurring network revenue. The Rocket Lab CEO’s Bold Bet to Challenge SpaceX’s Dominance
Negative Sentiment: The deal is large and complex, so investors may also weigh integration risk, dilution from the stock component, and execution risk as Rocket Lab takes on a much bigger business model. Rocket Lab to buy satellite communications firm Iridium in $8 billion deal

About Rocket Lab

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Rocket Lab is an aerospace company that provides launch services, spacecraft, and space systems for commercial and government customers. The company’s primary launch vehicle is Electron, a small-lift orbital rocket designed to deploy small satellites and rideshare payloads to low Earth orbit. Rocket Lab also develops and manufactures the Rutherford engine, noted for its electric-pump-fed design and additive-manufactured components, which powers Electron and supports the company’s propulsion capabilities.