Cantor Fitzgerald Reiterates Overweight Rating on Rocket Lab USA (RKLB)

Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $24.00 price target on Rocket Lab USA (NASDAQ: RKLB).

The analyst commented, “RKLB continues to make progress towards the buildout of its upcoming new reusable-ready mediumlift rocket, called Neutron, which will have a payload capacity of up to 13,000kg per expendable launch. On its 4Q earnings call, Management disclosed that it is targeting to complete its second Archimedes engine test in 1Q25, to complete its launch site in 2Q25 and to ultimately conduct its debut launch in 2H25.”

Also, “Additionally, the company disclosed its Neutron Landing Platform, called "Return on Investment", which management is targeting to commercialize in 2026. Ahead of the launch in 2H25, RKLB will need to complete the following milestones: Vehicle integration, stage 1 and 2 static fires, and wet dress rehearsal. Furthermore, recall that on 11/12, RKLB signed a "multi-launch agreement" with a commercial satellite constellation operator. Management also previously disclosed that the company is targeting a minimum reusable target of "up to 20 launches per engine," and that it is targeting 9 Launches through 2027: 1 launch in 2025 (no revenues expected), 3 launches in 2026, and 5 launches in 2027.”

For an analyst ratings summary and ratings history on Rocket Lab USA click here. For more ratings news on Rocket Lab USA click here.

Shares of Rocket Lab USA closed at $19.83 yesterday.

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