Cantor Fitzgerald lifts Rocket Lab stock price target to $35 from $29

On Tuesday, Cantor Fitzgerald analysts raised the price target for Rocket Lab USA stock (NASDAQ: RKLB) to $35 from $29, while maintaining an Overweight rating. The decision reflects the firm’s confidence in Rocket Lab’s successful space launch track record and its strategic position in the industry. The stock has shown remarkable momentum, delivering a 550% return over the past year, with analyst targets now ranging from $16 to $35. According to InvestingPro data, the company’s market capitalization has grown to $13.24 billion, reflecting strong investor confidence.

In recent investor meetings across the UK and continental Europe, Rocket Lab’s management highlighted key areas such as the Electron rocket’s launch cadence and the completion and anticipated first launch of the Neutron rocket. The discussions also covered Rocket Lab’s competitive positioning against SpaceX, recent acquisitions of Mynaric (ETR:M0YNn) and Geost, and the impact of President Trump’s Golden Dome Initiative.

Rocket Lab has conducted 65 successful space launches to date, utilizing a diverse portfolio of rocket types, including small, hypersonic, and medium launch vehicles. The company operates dedicated launchpads in New Zealand and the U.S., which Cantor Fitzgerald views as significant competitive advantages.

The analysts noted Rocket Lab’s potential as an end-to-end space company, emphasizing its strong industry positioning and its role as a direct beneficiary of the recent feud between President Trump and Elon Musk. This outlook contributed to the increased price target.

Cantor Fitzgerald’s decision to maintain an Overweight rating and raise the price target underscores their positive outlook on Rocket Lab’s future prospects in the space industry.

In other recent news, Rocket Lab USA has been actively making strategic moves to enhance its market position. The company announced its plan to acquire Geost LLC for $275 million, a deal structured with $125 million in cash and up to $150 million in Rocket Lab shares. This acquisition marks Rocket Lab’s entry into the satellite payload sector, which is expected to bolster its capabilities in space and defense industries. Analysts from Needham and Stifel have maintained a Buy rating on Rocket Lab, with price targets set at $32 and $34, respectively. KeyBanc also raised its price target for Rocket Lab to $29, reflecting confidence in the company’s strategic acquisitions and vertical integration efforts. Rocket Lab’s Neutron project remains on track for a launch in the second half of 2025, with significant progress expected on the launch pad infrastructure. The company is currently executing $515 million in contracts with the Space Development Agency, with potential for further contract awards anticipated. These developments come as Rocket Lab continues to integrate Geost’s technology and expertise into its operations, aiming to capitalize on opportunities within the national security and satellite payload markets.

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