Rocket LabRKLB
Market Cap: $2.89B
About: Rocket Lab USA Inc is engaged in space, building rockets, and spacecraft. It provides end-to-end mission services that provide frequent and reliable access to space for civil, defense, and commercial markets. It designs and manufactures the Electron and Neutron launch vehicles and Photon satellite platform. Rocket Lab's Electron launch vehicle has delivered multiple satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. The business operates in two segments being Launch Services and Space systems. Geographically it serves Japan, Germany, rest of the world and earns key revenue from the United States.
Employees: 1,650
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
216% more call options, than puts
Call options by funds: $118M | Put options by funds: $37.3M
90% more repeat investments, than reductions
Existing positions increased: 95 | Existing positions reduced: 50
12% more capital invested
Capital invested by funds: $1.16B [Q1] → $1.31B (+$144M) [Q2]
3% more first-time investments, than exits
New positions opened: 34 | Existing positions closed: 33
0% more funds holding
Funds holding: 236 [Q1] → 237 (+1) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 6 [Q1] → 6 (+0) [Q2]
2.63% less ownership
Funds ownership: 57.92% [Q1] → 55.28% (-2.63%) [Q2]
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
Cantor Fitzgerald Andres Sheppard 43% 1-year accuracy 53 / 124 met price target | 20%upside $7 | Overweight Reiterated | 3 Sept 2024 |
Citigroup Jason Gursky 64% 1-year accuracy 16 / 25 met price target | 20%upside $7 | Buy Maintained | 14 Aug 2024 |
Cantor Fitzgerald Andres Sheppard 43% 1-year accuracy 53 / 124 met price target | 3%upside $6 | Overweight Reiterated | 22 Jul 2024 |
Cantor Fitzgerald Andres Sheppard 43% 1-year accuracy 53 / 124 met price target | 3%upside $6 | Overweight Reiterated | 15 Jul 2024 |
Morgan Stanley Kristine Liwag 89% 1-year accuracy 17 / 19 met price target | 3%upside $6 | Equal-Weight Downgraded | 15 Jul 2024 |
Financial journalist opinion
Based on 33 articles about RKLB published over the past 30 days