
RKLB Stock Forecast & Price Target
RKLB Analyst Ratings
Bulls say
Rocket Lab Corp reported a significant increase in liquidity, ending the quarter with $977 million in cash and marketable securities, reflecting a substantial growth from $688 million in the previous quarter and $442 million year-over-year. The company has also experienced notable demand for its solar arrays, contributing to improved gross margins as legacy contracts are fulfilled, alongside revenue growth from its Electron launch services. Additionally, Rocket Lab's total backlog rose to $1.1 billion, with a 19% year-over-year increase in near-term backlog, positioning it as a viable alternative to SpaceX and enhancing its competitive advantage in the expanding space launch market.
Bears say
Rocket Lab Corp's financial outlook appears negative as its Launch Services segment experienced a significant sequential decline in sales, dropping 12% quarter-over-quarter, despite a substantial year-over-year increase of 95%. The decline in launches, with only four Electron/Haste rockets launched in the most recent quarter compared to five in the prior quarter and a customer cancellation, highlights potential volatility in revenue generation. Additionally, while the Launch backlog showed a 58% year-over-year growth, the Space Systems backlog faced a 19% year-over-year decline, indicating broader challenges in maintaining a robust pipeline in this critical segment.
This aggregate rating is based on analysts' research of Rocket Lab Corp and is not a guaranteed prediction by Public.com or investment advice.
RKLB Analyst Forecast & Price Prediction
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