The U.S. Space Force's Space Systems Command has awarded $5 million contracts to Rocket Lab (RKLB, Financial) and Stoke Space, boosting their ability to compete for future national security space missions. Rocket Lab's stock surged over 8% in premarket trading following the announcement. The contracts enable these companies to join heavyweights like SpaceX and Blue Origin in the National Security Space Launch Phase 3, focusing on enhancing launch infrastructure. Lane 1 of the program allows newer entrants to participate in low Earth orbit missions, potentially paving the way for more significant roles later.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 11 analysts, the average target price for Rocket Lab USA Inc (RKLB, Financial) is $25.03 with a high estimate of $33.00 and a low estimate of $14.35. The average target implies an upside of 32.09% from the current price of $18.95. More detailed estimate data can be found on the Rocket Lab USA Inc (RKLB) Forecast page.
Based on the consensus recommendation from 14 brokerage firms, Rocket Lab USA Inc's (RKLB, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Rocket Lab USA Inc (RKLB, Financial) in one year is $15.00, suggesting a downside of 20.84% from the current price of $18.95. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Rocket Lab USA Inc (RKLB) Summary page.
