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Investing.com - KeyBanc Capital Markets raised its price target on Rocket Lab USA (NASDAQ:RKLB) to $75.00 from $50.00 on Friday, while maintaining an Overweight rating on the space company’s stock. The new target reflects the stock’s impressive momentum, with shares surging over 527% in the past year and 239% in the last six months.
The revised outlook follows KeyBanc analysts’ meetings with Rocket Lab CEO Peter Beck and CFO Adam Spice during last week’s Catalina Space Mixer event, where they also toured the company’s Long Beach, California headquarters. According to InvestingPro data, the company has shown strong revenue growth of 54% over the last twelve months, with additional metrics and analysis available in the Pro Research Report.
KeyBanc noted increased visibility into strong growth within Rocket Lab’s Space Systems segment and its Archimedes engine production capabilities.
The investment firm believes Rocket Lab is "solidifying itself as a national security asset" through its reliable access to space and ongoing hypersonics initiatives.
KeyBanc also highlighted that Rocket Lab’s strong cash position supports its ongoing growth investments, potential mergers and acquisitions, and future space endeavors.
In other recent news, Rocket Lab USA has announced several new contracts and launches that highlight its ongoing partnerships and operational capabilities. The company has secured a direct contract for two dedicated Electron launches with the Japan Aerospace Exploration Agency (JAXA). These missions, scheduled for December 2025 and 2026, will deploy various satellites, including JAXA’s RApid Innovative payload demonstration SatellitE-4 (RAISE-4) and several educational and ocean monitoring satellites. Additionally, Rocket Lab has expanded its multi-launch agreement with the Japanese company Institute for Q-shu Pioneers of Space, Inc. (iQPS), adding three more dedicated missions to their schedule, bringing the total to seven upcoming launches.
Rocket Lab is also set to launch the seventh StriX satellite for Japanese company Synspective on October 14, a mission that will deploy the first of Synspective’s new generation of Synthetic Aperture Radar (SAR) satellites. In another development, Baird has initiated coverage on Rocket Lab with an Outperform rating, citing the company’s 94% mission success rate as evidence of its strong operational capabilities. These recent developments underscore Rocket Lab’s continued growth and partnerships within the aerospace industry.
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