Paramount stock rises after FCC approves Skydance merger
Cantor Fitzgerald has reiterated its Overweight rating and $35.00 price target on Rocket Lab USA (NASDAQ:RKLB) stock following investor meetings across Europe last week. Currently trading at $25.41, the stock has shown remarkable growth with a 478% return over the past year, though InvestingPro analysis indicates the stock is trading above its Fair Value. The firm highlighted discussions with Rocket Lab’s management team that covered topics including Electron’s launch cadence, Neutron rocket development, and the company’s space systems business.
The meetings also addressed Rocket Lab’s competitive positioning relative to SpaceX, recent acquisitions of Mynaric (ETR:M0YNn) and Geost, and President Trump’s Golden Dome Initiative. With a market capitalization of $11.7 billion and projected revenue growth of 31% for FY2025, Cantor Fitzgerald noted these discussions as key factors in maintaining its positive outlook on the space company.
Rocket Lab’s track record of 66 successful space launches to date was identified as a significant competitive advantage by the research firm. Additional moats include the company’s portfolio of three different rocket types—small, hypersonic, and medium launch—along with dedicated launchpads in New Zealand and the United States.
Cantor Fitzgerald characterized Rocket Lab as an "end-to-end space company that is best-positioned in the industry" in its assessment. The firm specifically noted Rocket Lab as a potential beneficiary of the recent public disagreement between President Trump and Elon Musk.
The research firm’s analysis comes as Rocket Lab continues development of its Neutron rocket while maintaining operations of its existing Electron launch vehicle. Rocket Lab’s space systems business and strategic acquisitions were also factored into Cantor Fitzgerald’s maintained rating and price target. For deeper insights into Rocket Lab’s financial health and growth prospects, including 12 additional ProTips and comprehensive valuation metrics, visit InvestingPro, where you’ll find our detailed Pro Research Report covering what really matters for informed investment decisions.
In other recent news, Rocket Lab has successfully completed its 66th Electron launch, deploying a synthetic aperture radar imaging satellite for iQPS. This mission marks Rocket Lab’s eighth Electron mission of 2025, with more launches planned for the remainder of the year and into 2026. Meanwhile, Cantor Fitzgerald has raised its price target for Rocket Lab to $35, maintaining an Overweight rating, citing confidence in the company’s strategic position and successful launch track record. Stifel analysts have also maintained a Buy rating on the stock, highlighting Rocket Lab’s progress on the Neutron development program and recent acquisitions aimed at enhancing technological capabilities. KeyBanc has increased its price target to $29, reflecting optimism about Rocket Lab’s vertical integration efforts and potential contract awards. Additionally, JMP Securities has maintained a Market Perform rating following Rocket Lab’s announcement of its plan to acquire Geost LLC for $275 million, marking the company’s strategic entry into the satellite payload sector. This acquisition is expected to bolster Rocket Lab’s capabilities in the space and defense industry. These developments indicate ongoing investor interest and confidence in Rocket Lab’s growth trajectory and strategic initiatives.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.