Rocket Lab Price Target Raised to $132 as Revenue Reaches $680 Million
RKLB•Stifel raised Rocket Lab’s price target to $132 from $110 based on continued execution, expanding backlog, and a 46% revenue increase to $680 million over the past year. Analysts expect ~52% revenue growth this year bolstered by multi-year government contracts, defense HASTE program traction and recent acquisitions.
1. Price Target Increase
Stifel lifted Rocket Lab’s price target to $132 from $110, maintaining a Buy rating based on consistent execution, stronger revenue momentum and rising launch activity.
2. Revenue Momentum and Backlog
Revenue rose 46% year over year to $680 million, and analysts forecast a further 52% increase this year, driven by scalable Electron launches and expanding flight cadence.
3. Space Systems and Defense
The Space Systems segment benefits from multi-year government contracts that provide stable revenue, while the HASTE program gains traction in hypersonic defense testing.
4. Acquisitions and Neutron Outlook
Recent acquisitions of Geost, Mynaric and Motiv Space Systems broaden Rocket Lab’s capabilities, and successful execution of the Neutron rocket is pivotal for unlocking new market opportunities and valuation upside.
