Recently, analysts at Morgan Stanley had positive things to say about space company Rocket Lab (RKLB). Morgan Stanley analyst Kristine Liwag noted the elevated interest in the space stock this year, as well as the lack of pure-play, high-performing stocks in the space.
Morgan Stanley analysts think the company could rival SpaceX by boosting rocket lift capacity and embracing booster reusability. The company’s Electron launches also position it for further growth. The firm assigned a $68 price target to the stock, implying 5% potential upside from current levels.
With that in mind, let’s take a closer look at Rocket Lab and RKLB stock.
Founded in 2006 and headquartered in Long Beach, California, Rocket Lab is a leading aerospace manufacturer and launch service provider. The company specializes in designing, building, and launching lightweight rockets, particularly its Electron vehicle, which is widely used for deploying small satellites into orbit.
Rocket Lab supports a range of missions for commercial, government, and scientific clients while developing larger rockets, such as the Neutron. With a focus on innovation and cost-effective access to space, Rocket Lab operates multiple launch sites and offers end-to-end space solutions, including satellite manufacturing and mission management. The company has a market capitalization of $30.7 billion.
RKLB stock has skyrocketed over the past year due to robust growth in its operations and revenue. The company also manages a substantial backlog. Over the past 52 weeks, shares are up 486%, while they have gained 158% year-to-date (YTD). The stock reached a 52-week high of $73.97 on Oct. 15, not long after the company has announced that it signed a direct contract with the Japan Aerospace Exploration Agency (JAXA) for two Electron launches.
With a skyrocketing stock comes an eye-watering valuation, however. Rocket Lab’s price-to-sales ratio is 67.19, which is considerably higher than the industry average.
On Aug. 7, Rocket Lab reported its second-quarter results for fiscal 2025. Revenue increased 36% year-over-year (YOY) to a record $144.5 million. The company’s product revenues increased 28% YOY, while its service revenues climbed by 52% annually. In fact, Rocket Lab has a solid track record of revenue growth. Between 2021 and 2024, its annual revenues climbed from $62.24 million to $436.21 million.
Recently, analysts at Morgan Stanley had positive things to say about space company Rocket Lab (RKLB). Morgan Stanley analyst Kristine Liwag noted the elevated interest in the space stock this year, as well as the lack of pure-play, high-performing stocks in the space.
Morgan Stanley analysts think the company could rival SpaceX by boosting rocket lift capacity and embracing booster reusability. The company’s Electron launches also position it for further growth. The firm assigned a $68 price target to the stock, implying 5% potential upside from current levels.
With that in mind, let’s take a closer look at Rocket Lab and RKLB stock.
Founded in 2006 and headquartered in Long Beach, California, Rocket Lab is a leading aerospace manufacturer and launch service provider. The company specializes in designing, building, and launching lightweight rockets, particularly its Electron vehicle, which is widely used for deploying small satellites into orbit.
Rocket Lab supports a range of missions for commercial, government, and scientific clients while developing larger rockets, such as the Neutron. With a focus on innovation and cost-effective access to space, Rocket Lab operates multiple launch sites and offers end-to-end space solutions, including satellite manufacturing and mission management. The company has a market capitalization of $30.7 billion.
RKLB stock has skyrocketed over the past year due to robust growth in its operations and revenue. The company also manages a substantial backlog. Over the past 52 weeks, shares are up 486%, while they have gained 158% year-to-date (YTD). The stock reached a 52-week high of $73.97 on Oct. 15, not long after the company has announced that it signed a direct contract with the Japan Aerospace Exploration Agency (JAXA) for two Electron launches.
With a skyrocketing stock comes an eye-watering valuation, however. Rocket Lab’s price-to-sales ratio is 67.19, which is considerably higher than the industry average.
On Aug. 7, Rocket Lab reported its second-quarter results for fiscal 2025. Revenue increased 36% year-over-year (YOY) to a record $144.5 million. The company’s product revenues increased 28% YOY, while its service revenues climbed by 52% annually. In fact, Rocket Lab has a solid track record of revenue growth. Between 2021 and 2024, its annual revenues climbed from $62.24 million to $436.21 million.
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