Thanks to an over-the-weekend endorsement from over-the-ocean investment bank Deutsche Bank, shares of the small space rocket manufacturer gained 1.8% through 1:40 p.m. ET. And that's correct so far as it goes. The company's "upcoming missions" page describes roughly two dozen launches on the company's manifest, including the company's transformative 10-rocket launch deal with Japan's Synspective, and its contract to put its biggest-ever constellation of satellites in orbit for France's Kineis. Germany's De ...

This rocket launch company is hitting big milestones. Retail investors have clamored to invest in SpaceX, the leading rocket launch company owned by Elon Musk that has remained private despite having an estimated valuation of $200 billion. The company dominates the private rocket launch market, which is growing like gangbusters and is the key backbone of the burgeoning space economy. It also has the Starlink satellite internet business to boot. To get the Neutron operational, Rocket Lab is spending a ton of ...

Let's dive into why this could end up being a lucrative move by Wood and assess if Rocket Lab shares could be headed higher. Elsewhere, the company is in line to receive up to $24 million in federal funding under the CHIPS Act to help finance the production of semiconductors that are used in spacecraft. It's important to understand that space exploration is a capital expenditure (capex)-intensive business. But even with these hefty costs, the revenue trend illustrated above suggests that Rocket Lab is capab ...

The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Rocket Lab USA, Inc. presently features a Zacks Rank of #3 (Hold). The Aerospace - Defense industry is part of the Aerospace sector. With its current Zacks Industry Rank of 88, this industry ...

The Pipeline Is Strengthening In April, Rocket Lab secured a $14 million deal with the U.S. Space Force, building on the previous government contracts it won last year. In my opinion, these contract wins are not isolated wins anymore; they follow a clear pattern where the USSF and the Department of Defense are increasingly becoming confident of Rocket Lab's launch capabilities. At the end of Q1, Rocket Lab's backlog stood at just over $1 billion after decreasing 3% sequentially. This backlog decrease came o ...

Rocket Lab's launch business is growing -- and getting closer to earning a profit. Rocket Lab (RKLB 4.38%) just can't stop winning -- big space contracts, that is. Earlier this week we discussed Rocket Lab's winning its largest-ever contract to put a satellite constellation in orbit, 25 satellites carried aboard five Electron rockets, to help France's Kineis set up an Internet of Things satellite constellation around the globe. At an estimated price of $7.5 million per launch (Rocket Lab didn't disclose the ...

Rocket Lab USA currently has an average brokerage recommendation (ABR) of 1.36, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 11 brokerage firms. An ABR of 1.36 approximates between Strong Buy and Buy. Check price target & stock forecast for Rocket Lab USA here>>> This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's fut ...

Rocket Lab USA Today Rocket Lab USA +0.57 (+13.13%) ▼ Price Target $6.65 Rocket Lab NASDAQ: RKLB is more than a launch company; investors must remember that its business is launching rockets, which drives the stock price. The latest news is a new deal with Japanese firm Synspective for ten more launches. The operating words are "ten" and "more," worth 2000 basis points in growth relative to the total launches coming from one of the business's oldest clients. The order is a record for the business and affirm ...

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Despite the recent big win, this is only the beginning. *Stock prices used were from the trading day of June 18, 2024. The video was published on June 19, 2024. In this video, I will be talking about Rocket Lab (RKLB 13.13%), the recent announcements, and why the stock soared on Tuesday. ...