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Investing.com - Cantor Fitzgerald has raised its price target on Rocket Lab USA (NASDAQ:RKLB) to $54.00 from $35.00 while maintaining an Overweight rating following the company’s strong second-quarter performance. The stock has delivered remarkable returns, surging over 800% in the past year and 61% in the last six months, according to InvestingPro data.
Rocket Lab reported second-quarter 2025 revenue of $144.5 million, exceeding both analyst estimates and company guidance of $130-140 million. The space company completed five successful Electron launches during the quarter, bringing its total to 69 launches to date. InvestingPro data shows the company’s impressive revenue growth of 65% over the last twelve months, though it currently operates with negative EBITDA of $173 million.
The company maintains a contracted backlog of approximately $1 billion as of Q2 2025, with 53% from commercial customers and 47% from government clients. Management expects to recognize about 58% of this existing backlog within the next 12 months. With a current ratio of 2.08, InvestingPro analysis indicates the company maintains strong liquidity to support its growth plans. Discover 13 additional exclusive ProTips and comprehensive valuation metrics with an InvestingPro subscription.
Cantor Fitzgerald highlighted two material catalysts expected in Q4 2025: the first Neutron launch and the Space Development Agency (SDA) Tranche 3 Award. The firm believes Rocket Lab’s Neutron launch vehicle will become "the only viable alternative to SpaceX’s Falcon 9" once successful orbital deployment is achieved.
The research firm cited several competitive advantages for Rocket Lab, including its track record of successful launches, portfolio of three different rocket types, customer diversification across commercial and government sectors, and dedicated launch facilities in New Zealand and the United States.
In other recent news, Rocket Lab USA, Inc. announced its financial results for the second quarter of 2025, highlighting a record revenue of $144.5 million. This figure exceeded the company’s forecast of $134.28 million, marking a significant achievement. However, the earnings per share (EPS) did not meet expectations, with the company reporting a loss of $0.13 compared to the anticipated loss of $0.09. Despite the earnings shortfall, these developments indicate strong revenue performance for Rocket Lab. The company’s recent results have been a point of focus for investors and analysts alike. The financial community will continue to monitor Rocket Lab’s performance in the upcoming quarters.
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