Cantor Boosts Rocket Lab Target to Street-High $35

Core Viewpoint - Rocket Lab USA (NASDAQ: RKLB) has received a price target increase from Cantor Fitzgerald to $35, reflecting strong confidence in its growth trajectory within the commercial space sector [1][3][4]. Group 1: Analyst Ratings and Price Targets - Cantor Fitzgerald raised its price target for Rocket Lab from $29 to $35, indicating a 22% potential increase [3][4]. - The current consensus price target for Rocket Lab is $28.10, with a moderate buy rating based on 13 analyst ratings, including one strong buy, seven buys, and five holds [6]. - The stock is currently trading at $27.85, with a high forecast of $35 and a low forecast of $16 [3][6]. Group 2: Company Developments and Strategic Initiatives - Rocket Lab has achieved 66 successful launches and is preparing for the maiden test flight of its Neutron rocket in the second half of the year [4][2]. - The company has secured two dedicated missions for a confidential commercial customer, with the first launch scheduled for June 20, 2025 [8][9]. - Recent acquisitions, including Mynaric and Geost, are expected to enhance Rocket Lab's end-to-end space systems capabilities [4][5]. Group 3: Competitive Positioning and Market Outlook - Rocket Lab is positioned competitively against SpaceX and is expected to benefit from U.S. government initiatives, such as the Space Force [5]. - The company has a backlog of $1.07 billion and is projected to achieve revenue growth of 31–33% in FY2025 [5]. - The Electron vehicle continues to be a reliable launch solution, with over 20 missions planned for 2025 and a perfect success rate so far this year [9].