Rocket Lab USA (NASDAQ: RKLB) has shed roughly 70% from its year-to-date peak, yet the analyst community is growing more bullish, not less, as the company heads toward a key earnings release.
Wall Street’s consensus rating on RKLB currently stands at “Strong Buy,” with a mean price target of approximately $101 implying more than 100% upside from present trading levels.
Cantor Fitzgerald sits among the most aggressive bulls, maintaining a “Buy” rating and a $122 price target that would represent a staggering 152% gain from where shares trade today.
The investment firm’s conviction rests on its view of Rocket Lab as a diversified space infrastructure business rather than a company defined solely by its launch operations.
Cantor points to three specific growth levers: an expanding space systems segment, deepening government and defense contract opportunities, and the forthcoming Neutron rocket program.
The Neutron program, still in development, is seen as a potential gateway to a significantly larger addressable market once operational, adding a long-duration growth dimension to the investment case.
Rocket Lab is scheduled to post its fiscal third-quarter results on November 9, with consensus estimates calling for a loss of $0.05 per share, a meaningful step back from the $0.01 per-share loss recorded in the same period a year earlier.
Despite the widening loss projection, derivatives market activity suggests traders believe the bad news has already been absorbed into the stock’s depressed price.
Barchart data places the upper bound on relevant options contracts at $52.33, a level that would mark a post-earnings advance of more than 14% for shareholders willing to hold through the report.
The options market’s implied optimism aligns with the broader analyst view that the current valuation, shaped by months of heavy selling, may not reflect the company’s longer-term trajectory in a rapidly expanding commercial and government space economy.
With other Wall Street analysts also recommending the stock heading into 2027, the question for investors is whether the November earnings print can serve as a catalyst to begin closing the gap between RKLB’s battered share price and those ambitious price targets.
