Bank of America Securities analyst Ronald Epstein maintained a Buy rating on Rocket Lab USA (RKLB – Research Report) yesterday and set a price target of $30.00.
Ronald Epstein has given his Buy rating due to a combination of factors that highlight Rocket Lab USA’s strong performance and strategic advancements. The company reported impressive fourth-quarter results with a significant increase in revenue and profitability, surpassing market expectations. Notably, Rocket Lab achieved a remarkable growth in its launch revenue, driven by multiple successful Electron launches, and a substantial increase in its Space Systems revenue.
Epstein also notes Rocket Lab’s strategic progress, particularly with the development of the Neutron launch vehicle, which is on track for its debut in the second half of 2025. The company has also secured additional multi-launch contracts, indicating a robust pipeline for future launches. Despite a conservative outlook for the upcoming quarter, Epstein views this as a prudent approach given the ongoing development activities and associated risks, thereby maintaining a positive long-term perspective on the company’s growth potential.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $28.00 price target.
RKLB’s price has also changed dramatically for the past six months – from $6.120 to $19.830, which is a 224.02% increase.