#6 - Rocket Lab USA (NASDAQ:RKLB)
Another small-cap space stock to watch is Rocket Lab USA Inc. (NASDAQ: RKLB). The company has a launch division and a services division. But you can't think about the company's services in the same way you might think about that of Apple Inc. (NASDAQ: AAPL).
Rocket Lab's primary business is launching small satellites into space. The company plans to move into larger payload launches, but it won't be competing with a company like Space-X.
That may be an attractive niche for Rocket Lab, and revenue is increasing year-over-year. Plus, because it's already launching rockets, the company has a first-mover advantage in a high interest rate environment that will keep some competitors at bay.
Analysts give RKLB stock a Moderate Buy rating with a $7.57 price target that is 71.7% higher than its price on March 7, 2024. However, the stock does carry about 16% short interest, which will continue to add volatility to the stock.
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
- $24.87
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 5 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $17.44 (29.9% Downside)
