Benzinga
Rocket Lab Aerospace Launch Company Logo Displayed On Mobile Device Screen With Orbital Rocket Launch And Space Technology Background

Rocket Lab Stock Gains As Earnings Date Is Set, Wall Street Price Targets Signal Triple-Digit Upside

Rocket Lab Corp. (NASDAQ:RKLB) shares are trending on Wednesday.

Shares of the California-based aerospace manufacturer and end-to-end space services provider rose 3.04% to $52.45 in after-hours trading on Tuesday as the company announced the date of its third-quarter earnings report.

Rocket Lab said it will report third-quarter results after the market close on Monday, Nov. 9. The company will also host a conference call at 2 p.m. Pacific Time (5 p.m. Eastern).

Q2 Results

In the last quarter reported in August, Rocket Lab posted a loss of 8 cents per share, matching analyst estimates.

Revenue was $234.07 million, beating the $231.07 million estimate by 1.30%.

Separately, Space Exploration Technologies Corp. (NASDAQ:SPCX) reported third-quarter results Tuesday, with revenue up 161% to $14.58 billion. SpaceX posted net income of $4.4 billion, versus a $1.1 billion loss a year earlier, marking its turn to profitability.

What Wall Street Says

On Monday, Cantor Fitzgerald’s Andres Sheppard kept an Overweight rating and $122 price target.

Other recent analyst ratings from last week are:

Trading Metrics, Technical Analysis

Rocket Lab has a market capitalization of about $30.46 billion. Over the past 52 weeks, its stock has traded as high as $151 and as low as $37.57.

RKLB has a Relative Strength Index (RSI) of 26.21.

Over the past 12 months, the large-cap stock has fallen 24.42%.

Price Action: Shares closed on Tuesday at $50.90, down 0.90%, according to Benzinga Pro data.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo Courtesy: PJ McDonnell on Shutterstock.com

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.