Bank of America reaffirms Rocket Lab buy rating, says 2026 Neutron debut is key to valuation
Although some parts of Rocket Lab's business performed slightly below Wall Street expectations, Bank of America remains bullish on the company and reaffirmed its Buy rating and $115 price target. The bank also said there are signs that weakness in launch revenue could be temporary. The report identifies the first flight of Rocket Lab's Neutron rocket in 2026 as central to the company's valuation. Rocket Lab said that during the second quarter and after the quarter ended, it secured more than $437 million in new launch contracts covering its Electron, HASTE and Neutron rockets. The contracts pushed its launch backlog above 90 missions.
Although some parts of Rocket Lab's business performed slightly below Wall Street expectations, Bank of America remains bullish on the company and reaffirmed its Buy rating and $115 price target.
The bank also said there are signs that weakness in launch revenue could be temporary. The report identifies the first flight of Rocket Lab's Neutron rocket in 2026 as central to the company's valuation.
Rocket Lab said that during the second quarter and after the quarter ended, it secured more than $437 million in new launch contracts covering its Electron, HASTE and Neutron rockets. The contracts pushed its launch backlog above 90 missions.
The bank also said there are signs that weakness in launch revenue could be temporary. The report identifies the first flight of Rocket Lab's Neutron rocket in 2026 as central to the company's valuation.
Rocket Lab said that during the second quarter and after the quarter ended, it secured more than $437 million in new launch contracts covering its Electron, HASTE and Neutron rockets. The contracts pushed its launch backlog above 90 missions.