#6 - Rocket Lab (NASDAQ:RKLB)
Next up is Rocket Lab USA Inc. (NASDAQ: RKLB), an investment in the emerging space economy. The company has two business units: Launch Services and Space Services. While the launch part of the business is more glamorous, the space services division is delivering the most revenue now and in the foreseeable future. That's a key reason why Rocket Lab is not yet profitable.
That will have to change for RKLB stock to live up to its tantalizing potential. The opportunity will come from the company's Neutron rocket, which can deliver a larger payload and increase revenue per launch.
That certainly seems to be attracting analysts. The Rocket Lab analyst forecasts on MarketBeat have a Moderate Buy rating on the stock with a price target of $7.39, which is more than 60% higher. That's tantalizing, but investors should be careful to scale into their position accordingly.
About Rocket Lab USA
Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.
Read More - Current Price
- $27.28
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 6 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $16.50 (39.5% Downside)
