Overview
- Rocket Lab shares rose 5.1%, touching an intraday high of $138.38 on trading volume 36% above the recent average.
- First‑quarter revenue reached $200.35 million, up about 63% from a year ago, with a loss of $0.07 per share matching forecasts.
- Management reported a $2.2 billion contract backlog and said it has access to more than $2 billion in liquidity.
- Deutsche Bank raised its price target to $120 and kept a Buy rating, while Clear Street lifted its target to $98, Craig Hallum upgraded to Buy, and Citigroup reiterated Outperform.
- Analysts highlight the planned first launch of the Neutron rocket later this year as the next key test, with the stock still rated Moderate Buy and an average target near $100.17.