Cantor Fitzgerald reiterates Overweight rating on Rocket Lab stock

Published 07/07/2025, 13:20
Cantor Fitzgerald reiterates Overweight rating on Rocket Lab stock

Investing.com - Cantor Fitzgerald has reiterated its Overweight rating and $35.00 price target on Rocket Lab USA (NASDAQ:RKLB) following the company’s recent successful launches. According to InvestingPro data, the stock has delivered an impressive 630% return over the past year, though it currently trades at a premium to its Fair Value.

Rocket Lab announced on June 28 that its Electron Rocket completed a successful launch from Launch Complex 1 in New Zealand, delivering an undisclosed satellite into a 650 km sun-synchronous orbit.

This launch came just one day after the company’s June 27 success with its 67th Electron Mission, "Get The Hawk Outta Here," which deployed four satellites from the same launch site at 5:28 AM NZT.

The June 27 mission included a trio of microsatellites called Cluster 12 for HawkEye 360, a provider of radio frequency geospatial analytics.

Rocket Lab has now completed 10 Electron launches in 2025 and aims to exceed 20 launches by year-end, according to Cantor Fitzgerald’s research note. With a market capitalization of $16.45 billion and a healthy current ratio of 2.08, the company maintains strong liquidity to support its ambitious growth plans.

In other recent news, Rocket Lab USA has been making significant strides in the space industry. The company recently completed a successful launch for HawkEye 360, marking its 67th Electron rocket mission and the second of three dedicated launches under a multi-launch contract with the analytics provider. This mission demonstrated Rocket Lab’s rapid launch capabilities, with another mission scheduled just 48 hours later. In addition to its launch achievements, Rocket Lab completed the Critical Design Review for the Space Development Agency’s Tranche 2 Transport Layer-Beta program, advancing to full-scale production. This involves delivering 18 spacecraft as part of a communications network for U.S. and allied forces.

KeyBanc recently raised its price target for Rocket Lab to $40, citing strong growth momentum in its Launch Services and Space Systems segments. The firm highlighted the company’s progress with its Neutron rocket and the successful integration of recent acquisitions. Meanwhile, Goldman Sachs assumed coverage with a Neutral rating and a $27 price target, noting Rocket Lab’s position as a reliable launch provider but pointing out its current lack of profitability and cash flow. These developments underscore Rocket Lab’s growing role in the space sector, as it continues to expand its launch and satellite capabilities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.