Rocket Lab Receives 'Outperform' Rating from Raymond James Analyst
Raymond James analyst Brian Gesuale has issued a bullish note for Rocket Lab (RKLB), assigning an "Outperform" rating with an $80 price target, indicating over 25% potential upside. The stock is currently down more than 55% year-to-date but is seeing gains following the report. Gesuale highlighted Rocket Lab's unique position as a comprehensive mission provider in aerospace and defense, offering components, software, satellites, and launch capabilities. The analyst emphasized RKLB’s growing backlog of $2.36 billion—a 137% increase from last year—and its strong operational execution. With revenue up 62% to $234.1 million and over $2 billion in cash reserves, Gesuale believes the market is underestimating Rocket Lab's long-term earnings potential. Wall Street consensus on RKLB remains positive with a "Strong Buy" rating from analysts and an average price target of nearly $112.
Tickers: $RKLB
Topics: analyst rating outperform RKLB stock Rocket Lab