Rocket Lab Corp: BofA global research cuts price objective to $110 from $115

Rocket Lab (Nasdaq: RKLB) has seen recent adjustments in analyst price targets, reflecting evolving expectations about the company’s financial trajectory. BofA Global Research recently revised its price objective for Rocket Lab from $115 to $110, while maintaining a Buy rating. This adjustment comes amid broader analyst optimism about the company’s strategic progress, including steady launch demand and infrastructure advancements.

The overall consensus price target for Rocket Lab has increased to $65.67 per share, up from $58.67, signaling growing confidence in the company’s ability to execute its long-term vision. Analysts from Stifel, Roth Capital, and others have also raised their price targets, citing strong quarterly performance, improved gross margins, and progress on key projects such as the Neutron launch system.

However, some analysts remain cautious, particularly regarding the timeline for major initiatives. Morgan Stanley slightly reduced its price target to $67 from $68, citing concerns over the delayed Neutron launch and potential cost pressures. Despite these reservations, the company’s ongoing momentum in both launch and space systems operations continues to support a constructive long-term outlook.