Fintel reports that on September 19, 2023, Roth MKM reiterated coverage of Rocket Lab USA (NASDAQ:RKLB) with a Buy recommendation.
Analyst Price Forecast Suggests 115.19% Upside
As of August 31, 2023, the average one-year price target for Rocket Lab USA is 10.03. The forecasts range from a low of 6.82 to a high of $14.70. The average price target represents an increase of 115.19% from its latest reported closing price of 4.66.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Rocket Lab USA is 293MM, an increase of 26.33%. The projected annual non-GAAP EPS is -0.21.
What is the Fund Sentiment?
There are 337 funds or institutions reporting positions in Rocket Lab USA. This is an increase of 9 owner(s) or 2.74% in the last quarter. Average portfolio weight of all funds dedicated to RKLB is 0.46%, an increase of 25.62%. Total shares owned by institutions increased in the last three months by 0.48% to 271,886K shares. 
The put/call ratio of RKLB is 0.22, indicating a bullish outlook.
What are Other Shareholders Doing?
Vk Services holds 74,753K shares representing 15.47% ownership of the company. No change in the last quarter.
Deer Management Co. holds 48,881K shares representing 10.11% ownership of the company. In it's prior filing, the firm reported owning 57,024K shares, representing a decrease of 16.66%. The firm increased its portfolio allocation in RKLB by 26.90% over the last quarter.
StepStone Group holds 12,202K shares representing 2.52% ownership of the company. In it's prior filing, the firm reported owning 12,273K shares, representing a decrease of 0.58%. The firm increased its portfolio allocation in RKLB by 46.93% over the last quarter.
Vector Capital Management holds 9,623K shares representing 1.99% ownership of the company. No change in the last quarter.
ArrowMark Colorado Holdings holds 8,592K shares representing 1.78% ownership of the company. In it's prior filing, the firm reported owning 7,113K shares, representing an increase of 17.21%. The firm increased its portfolio allocation in RKLB by 73.24% over the last quarter.
Rocket Lab USA Background Information
(This description is provided by the company.)
Founded in 2006, Rocket Lab is an end-to-end space company with an established track record of mission success. We deliver reliable launch services, spacecraft components, satellites and other spacecraft and on-orbit management solutions that make it faster, easier and more affordable to access space. Headquartered in Long Beach, California, Rocket Lab designs and manufactures the Electron small orbital launch vehicle and the Photon satellite platform and is developing the Neutron 8-ton payload class launch vehicle. Since its first orbital launch in January 2018, Rocket Lab’s Electron launch vehicle has become the second most frequently launched U.S. rocket annually and has delivered 105 satellites to orbit for private and public sector organizations, enabling operations in national security, scientific research, space debris mitigation, Earth observation, climate monitoring, and communications. Rocket Lab’s Photon spacecraft platform has been selected to support NASA missions to the Moon and Mars, as well as the first private commercial mission to Venus. Rocket Lab has three launch pads at two launch sites, including two launch pads at a private orbital launch site located in New Zealand, one of which is currently operational, and a second launch site in Virginia, USA which is expected to become operational by the end of 2021.
Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.
Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
