B of A Securities Reiterates Buy Rating on Rocket Lab
B of A Securities maintained its buy rating for Rocket Lab with a $115 price target, a 8.07% upside from the current price.
Key Points
- B of A Securities reiterated its buy rating on Rocket Lab Corporation (RKLB) with a price target of $115 as of June 30, 2026.
- B of A Securities's $115 price target implies 8.07% upside from Rocket Lab Corporation's ($RKLB) current $106.41 share price.
- Rocket Lab shares traded at $96.05 on Tuesday, with a market cap of approximately $52.8 billion and a forward P/E ratio indicating lack of profitability.
- Other analysts, including Cantor Fitzgerald and Citizens, also maintained buy ratings, while Keybanc upgraded its rating with a target of $135.
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B of A Securities reaffirmed its positive outlook on Rocket Lab Corporation (NasdaqGS: RKLB) by reiterating a buy rating and setting a price target of $115. This update came on June 30, 2026, as analyst Ronald Epstein shared his insights on the space company.
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Rocket Lab Corporation Stock Up 65.3%
Shares of NasdaqGS:RKLB traded near $96.05 on Tuesday. Rocket Lab has a market cap of approximately $52.8 billion. Although the company is not currently profitable, it shows potential with a beta of 2.499, suggesting higher volatility compared to the market. The stock's 52-week range spans from $33.73 to $151.00, with a 50-day moving average of $105.80 and a 200-day moving average of $74.89.
$RKLB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Analysts Set New Price Targets
On June 30, 2026, B of A Securities maintained its buy rating on Rocket Lab with a price target of $115. Cantor Fitzgerald echoed this sentiment by reiterating a buy rating and a target of $96. Other firms like Citizens and Roth Capital also maintained buy ratings, each with a $130 target. Craig-Hallum kept its buy rating with a $120 target, while Keybanc upgraded its rating to buy with a $135 target earlier in June.
Insider Buying and Selling at Rocket Lab Corporation
Recent insider activity at Rocket Lab includes several transactions. On June 18, 2026, SVP & General Counsel Arjun Kampani sold 88,000 shares at an average price of $107.98. Earlier in June, VP Corp Controller & CAO Agostino Ricupati and CFO Adam Spice made purchases, acquiring 27,532 and 275,319 shares respectively without a listed price. On June 2, Alexander Slusky sold 40,000 shares at $123.60.
About Rocket Lab
Rocket Lab Corporation, headquartered in Long Beach, California, operates in the aerospace and defense sector. Founded in 2006, the company provides a range of space services including launch services, spacecraft design, and manufacturing. It is known for its Electron and Neutron launch vehicles, catering to commercial, aerospace, and government clients. Led by CEO Sir Peter Beck, Rocket Lab employs around 2,600 people.
Bottom Line
Investors continue to watch Rocket Lab Corporation closely as B of A Securities reiterates its buy rating. With a strong focus on space systems and launch services, Rocket Lab remains a key player in the aerospace industry. As a reminder, analyst ratings like these are forward-looking opinions and may not reflect the current market sentiment.
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