Summary:
- Rocket Lab (RKLB, Financial) seeks to compete with SpaceX in the satellite launch sector with its Neutron rocket.
- The company generates 70% of its revenue from non-launch services.
- Analysts predict a potential upside for RKLB with a price target averaging $24.60.
Rocket Lab (RKLB) is strategically positioning itself in the satellite launch market, aiming to rival SpaceX's Falcon 9 with its innovative Neutron rocket. As the company currently derives 70% of its revenue from non-launch services, this move represents a significant step towards capturing a larger share of the lucrative $22 billion satellite deployment industry.
Wall Street Analysts Forecast
According to projections from 13 esteemed analysts, Rocket Lab USA Inc (RKLB, Financial) is expected to reach an average price target of $24.60 over the next year. This target comes with a high estimate of $33.00 and a low estimate of $14.35, suggesting an upside potential of 11.18% from its current trading price of $22.13. For a deeper dive into these estimates, explore the comprehensive data available on the Rocket Lab USA Inc (RKLB) Forecast page.
Additionally, consensus insights from 16 brokerage firms give Rocket Lab USA Inc (RKLB, Financial) an average recommendation rating of 2.1, positioning the stock under an "Outperform" status. This rating system spans from 1, indicating a Strong Buy, to 5, signaling a Sell.
Furthermore, based on GuruFocus estimates, the projected GF Value for Rocket Lab USA Inc (RKLB, Financial) in one year is calculated at $15.52. This suggests a potential downside of 29.87% from its current price of $22.13. The GF Value is GuruFocus' calculated fair trading value of the stock, derived from its historical trading multiples along with past business growth metrics and future performance estimates. For more detailed insights, visit the Rocket Lab USA Inc (RKLB) Summary page.
