Rocket Lab Stock Gains As Earnings Date Is Set, Wall Street Price Targets Signal Triple-Digit Upside

Rocket Lab Corp. (NASDAQ:RKLB) shares are trending on Wednesday. Shares of the California-based aerospace manufacturer and end-to-end space services provider rose 3.04% to $52.45 in after-hours trading on Tuesday as the company announced the date of its third-quarter earnings report. Rocket Lab said it will report third-quarter results after the market close on Monday, Nov. 9. The company will also host a conference call at 2 p.m. Pacific Time (5 p.m. Eastern). Q2 Results In the last quarter reported in August, Rocket Lab posted a loss of 8 cents per share, matching analyst estimates. Revenue was $234.07 million, beating the $231.07 million estimate by 1.30%. Separately, Space Exploration Technologies Corp. (NASDAQ:SPCX) reported third-quarter results Tuesday, with revenue up 161% to $14.58 billion. SpaceX posted net income of $4.4 billion, versus a $1.1 billion loss a year earlier, marking its turn to profitability. What Wall Street Says On Monday, Cantor Fitzgerald’s Andres Sheppard kept an Overweight rating and $122 price target. Other recent analyst ratings from last week are: FirmAnalystPrice Target (Previous → Revised)RatingCitizensTrevor Walsh$130 → $90Market OutperformKeyBancMichael Leshock$135 → $100OverweightTD CowenGautam Khanna$90Buy Trading Metrics, Technical Analysis Rocket Lab has a market capitalization of about $30.46 billion. Over the past 52 weeks, its stock has traded as high as $151 and as low as $37.57. RKLB has a Relative Strength Index (RSI) of 26.21. Over the past 12 months, the large-cap stock has fallen 24.42%. Price Action: Shares closed on Tuesday at $50.90, down 0.90%, according to Benzinga Pro data. .benzinga-widget#bz-embed-widget-block_880c9298546f5699f992399c1ebb9269 iframe.w-full { width: 100%; } @media (max-width: 600px) { .benzinga-widget#bz-embed-widget-block_880c9298546f5699f992399c1ebb9269 iframe.w-full { height: 670px; } } Read Also: Why Is Dell Technologies (DELL) Stock Trending After Hours? Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Photo Courtesy: PJ McDonnell on Shutterstock.com