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Rocket Lab: KeyBanc Maintains Overweight, Raises PT to $75 from $50.
ByAinvest
Friday, Oct 17, 2025 7:17 am ET1min read
Rocket Lab: KeyBanc Maintains Overweight, Raises PT to $75 from $50.
KeyBanc Capital Markets has maintained an overweight rating on Rocket Lab Corp (RKLB) shares while raising its price target to $75 from $50. This update comes amidst a series of successful launches and new partnerships for the space company.
Rocket Lab has been on a roll in 2025, with 15 missions completed as of October 14, surpassing its 2024 record of 16 launches. The company's latest mission, "Owl New World," successfully deployed Synspective's seventh StriX Synthetic Aperture Radar (SAR) satellite, further cementing its role in the global commercial space market, as reported by
.KeyBanc's upgrade reflects the company's growing momentum and strong financial performance. Rocket Lab reported record Q2 2025 revenue of $144.5M, up 36% year-over-year, and expects Q3 2025 revenue to range from $145 to $155M. The company's backlog is nearing $1 billion, driven by major contracts with JAXA, Synspective, and iQPS, according to a
.The analyst firm also highlights Rocket Lab's expanding vertical integration, including the recent acquisition of Geost and Mynaric, which integrate satellite payload technology and align with defense programs. This strategic move positions Rocket Lab as a key player in the growing space industry, which is generating significant investor interest.
KeyBanc's price target of $75 reflects the company's rapid growth and near-term expansion potential. However, the analyst firm acknowledges that the current valuation is rich, with a price-to-sales ratio of 50–60× current revenues. Despite this, the firm maintains an overweight rating, suggesting that Rocket Lab's execution of its launch and Neutron rocket programs will be critical in justifying expectations, as the TS2 report also noted.
References
- TradingView: `
- TS2: `
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