Cantor Fitzgerald Maintains Overweight Rating on Rocket with $8 PT Downward Revision

Cantor Fitzgerald Maintains Overweight Rating on Rocket with $8 PT Downward Revision

Cantor Fitzgerald has maintained its Overweight rating on Rocket Lab USA (NASDAQ:RKLB) but has revised its price target downward to $54.00 from $35.00. This adjustment comes after the company's strong second-quarter performance [1]. The stock has seen remarkable returns, surging over 800% in the past year and 61% in the last six months, according to InvestingPro data.

Rocket Lab reported second-quarter 2025 revenue of $144.5 million, exceeding both analyst estimates and company guidance of $130-140 million. The space company completed five successful Electron launches during the quarter, bringing its total to 69 launches to date. The company's impressive revenue growth of 65% over the last twelve months, though it currently operates with negative EBITDA of $173 million, indicates its strong financial health.

Cantor Fitzgerald highlighted two material catalysts expected in Q4 2025: the first Neutron launch and the Space Development Agency (SDA) Tranche 3 Award. The firm believes Rocket Lab’s Neutron launch vehicle will become "the only viable alternative to SpaceX’s Falcon 9" once successful orbital deployment is achieved.

The research firm cited several competitive advantages for Rocket Lab, including its track record of successful launches, portfolio of three different rocket types, customer diversification across commercial and government sectors, and dedicated launch facilities in New Zealand and the United States.

Despite the earnings shortfall in the second quarter, with the company reporting a loss of $0.13 compared to the anticipated loss of $0.09, these developments indicate strong revenue performance for Rocket Lab. The company’s recent results have been a point of focus for investors and analysts alike. The financial community will continue to monitor Rocket Lab’s performance in the upcoming quarters.

References:
[1] https://www.investing.com/news/analyst-ratings/cantor-fitzgerald-raises-rocket-lab-stock-price-target-to-54-on-strong-q2-93CH-4180272
[2] https://ca.investing.com/news/analyst-ratings/cantor-fitzgerald-reiterates-overweight-rating-on-klaviyo-stock-93CH-4140362