Cantor Fitzgerald Reiterates Buy Rating on Rocket Lab Corporation
Cantor Fitzgerald has reaffirmed its buy rating for Rocket Lab Corporation, setting a price target of $96, a 9.78% downside from the current price.
Key Points
- Cantor Fitzgerald reaffirmed its buy rating for Rocket Lab Corporation (NasdaqGS:RKLB) with a $96 price target on June 30, 2026.
- Cantor Fitzgerald's $96 price target implies 9.78% downside from Rocket Lab Corporation's ($RKLB) current $106.41 share price.
- Shares of Rocket Lab traded near $96.05 on Tuesday, with a market cap of approximately $52.8 billion and a 52-week range of $33.73 to $151.00.
- BlackRock and Baillie Gifford increased their stakes in Rocket Lab, while Vanguard Portfolio Management initiated a new position.
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Cantor Fitzgerald has reiterated its buy rating for Rocket Lab Corporation (NasdaqGS:RKLB) on June 30, 2026, maintaining a price target of $96. This comes as the company continues to navigate the competitive Aerospace & Defense industry.
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Other Institutional Activity in Rocket Lab Corporation
Several institutional investors have been active in Rocket Lab Corporation recently. BlackRock, Inc. boosted its holdings by 4,909,667 shares, ending with 37,985,996 shares valued at about $2.44 billion, marking a 14.8% increase. Vanguard Portfolio Management LLC opened a new position with 25,738,450 shares, valued around $1.65 billion. Similarly, Vanguard Capital Management LLC also initiated a new stake, acquiring 24,287,490 shares worth approximately $1.56 billion. Baillie Gifford & Co increased its position by 576,597 shares, for a total of 18,428,043 shares valued at about $1.18 billion, representing a 3.2% increase. State Street Corp added 1,404,528 shares, reaching a total of 13,924,751 shares, valued at approximately $894.2 million, reflecting an 11.2% increase.
Rocket Lab Corporation Stock Up 65.3%
Shares of Rocket Lab Corporation (NasdaqGS:RKLB) traded near $96.05 on Tuesday. The company has a market cap of about $52.8 billion. Despite not being profitable, Rocket Lab is a significant player in its sector with a beta of 2.499, indicating higher volatility compared to the market. The stock's 52-week range is between $33.73 and $151.00. It has a 50-day moving average of $105.80 and a 200-day moving average of $74.89. The company maintains a strong current ratio of 4.475 and a quick ratio of 3.874, though it carries a debt-to-equity ratio of 6.124.
$RKLB price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
For its most recent period, Rocket Lab Corporation reported revenue of approximately $679.6 million, achieving a growth rate of 63.5%. However, the company recorded a net margin of -26.87% and a return on equity of -13.55%. The next earnings report is expected on August 6, 2026.
Insider Buying and Selling at Rocket Lab Corporation
Several insiders have been active in trading Rocket Lab's shares. On June 18, 2026, Arjun Kampani, the SVP & General Counsel, sold 88,000 shares at an average price of $107.98. Earlier in June, Agostino Ricupati, VP Corp Controller & CAO, purchased 27,532 shares, while CFO Adam Spice bought 275,319 shares on June 3, 2026. Spice also sold 62,724 shares on both June 1 and May 29, 2026.
Analysts Set New Price Targets
On June 30, 2026, Cantor Fitzgerald reiterated its buy rating for Rocket Lab with a $96 target. B of A Securities, Citizens, Roth Capital, Craig-Hallum, and Needham all maintained buy ratings with targets ranging from $115 to $130. Keybanc upgraded its rating to buy with a $135 target on June 15, 2026. The consensus among analysts is a buy, with a mean target price of $106.92, based on 18 opinions.
About Rocket Lab Corporation
Rocket Lab Corporation is a space company headquartered in Long Beach, California. It offers launch services and space systems solutions globally, focusing on small to medium-class rockets. The company designs and manufactures the Electron, a small launch vehicle, and is developing the Neutron for larger missions. Led by CEO Sir Peter Beck, Rocket Lab serves commercial, aerospace contractors, and government clients. Founded in 2006, the company has grown to employ around 2,600 people.
Bottom Line
Cantor Fitzgerald's reaffirmation of its buy rating on Rocket Lab Corporation highlights the ongoing interest in the company's growth potential. With several institutional investors adjusting their positions, Rocket Lab remains a key player in the Aerospace & Defense sector. However, as with all 13F filings and analyst reports, this information is backward-looking and may not reflect current conditions.
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