KeyBanc upgraded Rocket Lab to Overweight from Sector Weight with a $135 price target, citing compelling opportunities across the rapidly growing space sector after a post–SpaceX IPO selloff. Rocket Lab joins Firefly in receiving upgrades as analysts deem the recent space-stock dip unjustified.
KeyBanc raised Rocket Lab’s rating from Sector Weight to Overweight and set a $135 price target. This move follows the recent selloff after SpaceX’s IPO, which analysts view as an overreaction by investors.
Analysts highlighted “compelling opportunities” across launch services, satellite manufacturing and space infrastructure as drivers for long-term growth. They believe Rocket Lab’s expanding Electron and Neutron launch pipeline supports higher revenue visibility.
Rocket Lab and peer Firefly saw simultaneous upgrades, reflecting a broader view that recent weakness in space stocks was unwarranted. Rising commercial launch demand and government contracts are cited as catalysts to validate higher valuations moving forward.
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