Citizens Reiterates Buy Rating on Rocket Lab Corporation
On June 30, 2026, Citizens reaffirmed its buy rating for Rocket Lab, setting a $130 price target, a 22.17% upside from the current price.
Key Points
- On June 30, 2026, Citizens reiterated its buy rating for Rocket Lab Corporation (RKLB) with a price target of $130.
- Citizens's $130 price target implies 22.17% upside from Rocket Lab Corporation's ($RKLB) current $106.41 share price.
- Shares of RKLB 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.
- Other analysts like B of A Securities and Cantor Fitzgerald also maintained a buy rating, with price targets of $115 and $96, respectively.
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On June 30, 2026, Citizens reiterated its buy rating for Rocket Lab Corporation (NASDAQ: RKLB) and set a price target of $130. The move underscores continued confidence in the company's prospects.
Rocket Lab Corporation Stock Up 65.3%
Shares of Rocket Lab Corporation traded near $96.05 on Tuesday. The company has a market cap of about $52.8 billion. Its forward P/E ratio is not meaningful due to the company's lack of profitability, and it has a beta of 2.499. Over the past year, the stock has ranged from a low of $33.73 to a high of $151.00. The 50-day moving average stands at $105.80, while the 200-day moving average is $74.89. Rocket Lab maintains a strong financial position with a current ratio of 4.475 and a quick ratio of 3.874, but 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
Rocket Lab reported revenue of approximately $679.6 million, reflecting a growth of 63.5%. However, the company is not yet profitable, with a net margin of -26.9% and a return on equity of -13.5%. The company's next earnings report is scheduled for August 6, 2026.
Insider Buying and Selling at Rocket Lab Corporation
Recent insider activity at Rocket Lab includes a sale by Arjun Kampani, Senior Vice President & General Counsel, who sold 88,000 shares at an average price of $107.98 on June 18, 2026. Additionally, VP Corp Controller & CAO Ricupati Agostino and CFO Adam Spice both made purchases on June 3, 2026, although the exact value was not disclosed. There were also several sales by Adam Spice, Chief Financial Officer, around the same period.
Analysts Set New Price Targets
Several analysts have weighed in on Rocket Lab recently. On June 30, 2026, B of A Securities maintained a buy rating with a $115 target, while Cantor Fitzgerald reiterated its buy rating with a $96 target. Roth Capital and Craig-Hallum also maintained buy ratings with price targets of $130 and $120, respectively. Keybanc upgraded the stock to a buy with a $135 target on June 15, 2026. Overall, the consensus among 18 analysts is a buy, with a mean target price of $106.92.
About Rocket Lab Corporation
Rocket Lab Corporation is a space technology company based in Long Beach, California. It provides a range of launch services and space systems solutions, including spacecraft design and manufacturing, optical systems, and on-orbit management. The company also designs and manufactures the Electron small launch vehicle and is developing the Neutron launch vehicle for larger missions. Founded in 2006, Rocket Lab serves commercial, aerospace, and government clients worldwide, under the leadership of CEO Sir Peter Beck.
Bottom Line
Citizens' reaffirmation of a buy rating with a $130 price target highlights confidence in Rocket Lab's growth potential. Investors track these ratings closely as they provide insights into market sentiment and company prospects. It's important to remember that analyst ratings and price targets are based on projections and should be considered as part of a broader investment strategy.
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