Cantor Fitzgerald raised the Rocket Lab USA (RKLB) price target to $85. The firm increased the target from $72. It maintains an Overweight rating.
Record fiscal 2025 revenue of approximately $602 million drove the revision. Revenue grew 38% year-over-year. The total surpassed consensus estimates.
The company achieved a record 21 successful launches in fiscal 2025. Backlog grew over 60%. Total backlog reached approximately $1.85 billion.
The Space Development Agency (SDA) Tranche 3 contract supported this growth. This award marks the largest in company history.