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Rocket Lab Corp (NASDAQ:RKLB) shares are trading higher Wednesday morning, extending bullish momentum following a beat-and-raise third-quarter earnings report and fresh price target hikes from Wall Street. Here’s what investors need to know.
What To Know: The end-to-end space company reported third-quarter revenue of $155.05 million, marking 48% year-over-year growth and surpassing consensus estimates of $151.74 million. The company also outperformed on profitability, posting a loss of 3 cents per share compared to the expected 11-cent loss.
CEO Peter Beck highlighted a record GAAP gross margin of 37% and strong operational execution, including 17 new Electron launch contracts. The company also updated its timeline for the reusable Neutron rocket, which is expected to arrive at Launch Complex 3 in the first quarter of 2026.
Looking ahead, Rocket Lab issued upbeat fourth-quarter revenue guidance of $170 million to $180 million, ahead of analyst expectations. Wall Street responded positively on Wednesday. Needham raised its price target to $63, while Stifel hiked its target to $75, both maintaining Buy ratings and citing the company’s $1 billion liquidity position and backlog growth as key drivers.
Benzinga Edge Rankings: Underscoring the stock’s 2025 strength, Benzinga Edge data currently assigns Rocket Lab a Momentum score of 97.51.
RKLB Price Action: Rocket Lab stock traded as high as $55.33 on Wednesday before pulling back. Rocket Lab shares were trading flat at $51.24 at the time of publication on Wednesday, according to Benzinga Pro data.
Read Also: AMD Stock Surges On Explosive AI Growth Targets, Analysts See Further Upside
Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.
For example, in Rocket Lab’s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
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Posted In: RKLB
