RKLB Stock Price Forecast: How Much Upside Do Analysts See Post-Q3 Earnings?

Detailed summary

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U.S.-based aerospace company Rocket Lab USA (RKLB) reported an EPS loss of $0.12, missing analysts' estimate of a $0.07 loss. However, revenue jumped 73% year-over-year to $268 million, beating the $257.21 million estimate. The company also posted a record $3.57 billion backlog, up 52% from the previous quarter.

Analysts maintain a Strong Buy rating on RKLB, with an average price target of $95.35, implying 52% upside. RKLB currently trades at $62.7, down 10% year-to-date.

KeyBanc analyst Michael Leshock reiterated a Buy rating on RKLB and a $100 price target, implying almost 60% upside. He views Rocket Lab as one of the strongest companies in the space sector and sees room for the stock to rise well above his $100 price target if the company continues to execute well. Leshock also expects growing demand and limited launch capacity to support higher prices and more bookings for its Electron and Neutron rockets.

Barclays' analyst Anthony Valentini reduced his price target from $85 to $82, but kept his Buy rating. The lower target reflects Rocket Lab's mixed Q3 results. The analyst also remains cautious about near-term launch timelines and the company's wider-than-expected EBITDA loss outlook.

Valentini also pointed to strong bookings and higher prices for the Neutron rocket. In Q3, Rocket Lab secured more than $515 million in new Neutron launch contracts, bringing its backlog to 16 missions. The company also raised Neutron's listed base price to $70 million.

Cantor Fitzgerald's analyst Andres Sheppard is currently the most accurate analyst covering RKLB over the timeframe of three months and one year. He has a 78% success rate and an average return of 35% per trade in the last three months. On TipRanks, Sheppard ranks #5,148 among more than 12,500 tracked analysts.

Following the Q3 print, Sheppard cut his price target from $122 to $111, implying over 75% upside. He kept his buy rating, citing Rocket Lab's launch track record, range of rockets, and dedicated launch sites.

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