
RKLB Stock Forecast & Price Target
RKLB Analyst Ratings
Bulls say
Rocket Lab Corp reported a substantial increase in its current cash, cash equivalents, and marketable securities, reaching $977 million at the end of the quarter, significantly up from $688 million in the previous quarter and $442 million year-over-year. The company has demonstrated strong demand for its solar arrays, resulting in improved gross margins as legacy contracts are fulfilled, alongside noteworthy revenue growth and gross margin expansion from its Electron launch vehicle. With a total backlog of $1.1 billion growing 5% year-over-year and expectations for the Neutron launch vehicle to capture market share from SpaceX's Falcon 9, Rocket Lab is well-positioned for future financial success in the space industry.
Bears say
Rocket Lab's financial outlook appears negative due to a sequential decline in Launch Services sales, which decreased by 12% quarter-over-quarter despite a year-over-year increase of 95%, indicating potential volatility in demand. The company's Space Systems backlog also exhibited concerning trends, falling by 19% year-over-year, suggesting a weakening in future revenue prospects for that segment. Although the Launch Services backlog increased by 58% year-over-year, the overall mixed performance raises questions about the sustainability of revenue growth amid customer cancellations and fluctuations in launch activity.
This aggregate rating is based on analysts' research of Rocket Lab Corp and is not a guaranteed prediction by Public.com or investment advice.
RKLB Analyst Forecast & Price Prediction
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