Rocket Lab stock rating reiterated by Cantor Fitzgerald on Neutron platform deal

Investing.com

Published Jul 14, 2025 08:05AM ET

Rocket Lab stock rating reiterated by Cantor Fitzgerald on Neutron platform deal

Investing.com - Cantor Fitzgerald has reiterated an Overweight rating and $35.00 price target on Rocket Lab USA (NASDAQ:RKLB) following the company's contract award to Bollinger Shipyards. The space technology company has demonstrated remarkable momentum, with InvestingPro data showing a striking 590% return over the past year, though current technical indicators suggest the stock is in overbought territory.

Rocket Lab announced on July 10 that it had selected Bollinger Shipyards to build out its ocean landing platform for the Neutron reusable rocket.

The modification and fit-out of Rocket Lab's 400-foot landing platform, named 'Return on Investment,' has already begun at Bollinger's shipyard in Amelia, Louisiana.

Deliveries of the ocean landing platform are scheduled to begin in early 2026, according to the announcement.

Cantor Fitzgerald analyst Andres Sheppard maintained the firm's positive outlook on Rocket Lab stock following this development in the company's reusable rocket program.

In other recent news, Rocket Lab USA has made significant strides with its Neutron rocket program by awarding a contract to Bollinger Shipyards for the construction of an ocean landing platform. This platform, named "Return On Investment," is expected to be delivered in early 2026 and will facilitate the reusable rocket's landings at sea. In another development, Cantor Fitzgerald reiterated its Overweight rating on Rocket Lab, highlighting the company's successful Electron rocket launches, which have now reached ten in 2025. KeyBanc also raised its price target for Rocket Lab to $40, citing the company's growth momentum and successful integration of recent acquisitions.

Rocket Lab recently completed a Critical Design Review for the Space Development Agency's Tranche 2 Transport Layer-Beta program, advancing it to full-scale production. As the prime contractor, Rocket Lab will deliver 18 spacecraft for this program, which aims to enhance real-time connectivity for U.S. and allied forces. The company's manufacturing capabilities are further demonstrated by its production of multiple Archimedes engines per month, incorporating design enhancements based on previous testing. Additionally, Rocket Lab is positioning itself as a key player in the commercial space race, potentially benefiting from the current political tensions involving SpaceX.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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