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Investing.com - Cantor Fitzgerald maintained its Overweight rating and $35.00 price target on Rocket Lab USA (NASDAQ:RKLB) stock on Monday. The stock has delivered an impressive 831% return over the past year, though InvestingPro analysis indicates the stock is currently trading above its Fair Value. Analyst targets for RKLB range from $20 to $51, with a consensus recommendation leaning towards Buy.
The research firm’s decision comes ahead of Rocket Lab’s fifth iQPS space mission, "The Harvest Goddess Thrives," scheduled to launch Tuesday from the company’s New Zealand complex.
This upcoming launch represents the latest in Rocket Lab’s partnership with iQPS (5595-JP), for which the company plans to conduct eight missions in total.
Rocket Lab has already completed four iQPS missions, with three more scheduled for 2025 and three additional launches planned for 2026.
The space launch provider continues to execute on its commercial launch schedule, with Tuesday’s mission representing its latest operational milestone.
In other recent news, Rocket Lab Corporation announced its upcoming mission "The Harvest Goddess Thrives," scheduled to launch from New Zealand on August 5, 2025. This mission will deploy the QPS-SAR-12 satellite for the Institute for Q-shu Pioneers of Space, Inc., adding to their constellation of Earth imaging satellites. Meanwhile, Citi has raised its price target for Rocket Lab to $50, maintaining a Buy rating due to progress in the Neutron rocket development and satellite systems business growth. Citi’s revised valuation methodology now considers Rocket Lab’s revenue potential in 2029. Craig-Hallum initiated coverage on Rocket Lab with a Hold rating and a price target of $51, citing the company’s impressive trajectory but expressing caution about its valuation. Additionally, Cantor Fitzgerald reiterated an Overweight rating with a $35 price target after Rocket Lab awarded a contract to Bollinger Shipyards for its Neutron rocket’s ocean landing platform. These developments reflect Rocket Lab’s ongoing advancements and analyst evaluations.
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