Rocket Lab Hits Record Revenue As Neutron Targets Q4 Debut

Shares of Rocket Lab Corp (NASDAQ: RKLB ) tanked in early trading on Tuesday, even after the company reported upbeat second-quarter results. Here are the key analyst takeaways: Cantor Fitzgerald analyst Andres Sheppard reaffirmed an Overweight rating, while raising the price target from $96 to $122. BofA Securities analyst Ronald Epstein maintained a Buy rating and price target of $115. BTIG analyst Andre Madrid reiterated a Neutral rating on the stock. Check out other analyst stock ratings. Cantor Fitzgerald: Rocket Lab reported revenue of around $234.1 million, slightly above consensus and hitting a record high, Sheppard said in a note. Management reaffirmed that Neutron remains on track for its first launch later this year, which would be the "most material catalyst" for the stock, he added. "Once operational, we expect Neutron to become (currently) the only viable alternative (and...