These Analysts Revise Their Forecasts On Rocket Lab Following Q3 Results

Benzinga Earnings11-10 21:46

Rocket Lab Corp (NASDAQ:RKLB) reported mixed financial results for the third quarter after the closing bell on Monday.

Rocket Lab reported third-quarter revenue of $267.83 million, beating the consensus estimate of $255.71 million. The end-to-end space company reported a loss of 12 cents per share for the quarter, missing estimates for a loss of six cents per share, according to Benzinga Pro.

"Nearly $1 billion of that backlog comes from new launch contracts, signed in Q3 2026 alone, as well as $470 million signed for Space Systems," said Peter Beck, founder and CEO of Rocket Lab.

Rocket Lab guided for fourth-quarter revenue of $270 million to $290 million. The company also anticipates an adjusted EBITDA loss of $14 million to $20 million in the fourth quarter.

Rocket Lab shares dipped 10.2% to $52.87 in pre-market trading.

These analysts made changes to their price targets on Rocket Lab following earnings announcement.

Cantor Fitzgerald analyst Andres Sheppard maintained the stock with an Overweight rating and lowered the price target from $122 to $111.
Piper Sandler analyst Alexander Potter maintained the stock with a Neutral and lowered the price target from $83 to $58.
Keybanc analyst Michael Leshock reiterated the stock with an Overweight rating and maintained a $100 price target.

Considering buying RKLB stock? Here’s what analysts think:

Photo via Shutterstock

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The end-to-end space company reported a loss of 12 cents per share for the quarter, missing estimates for a loss of six cents per share, according to Benzinga Pro.\n\"Nearly $1 billion of that backlog comes from new launch contracts, signed in Q3 2026 alone, as well as $470 million signed for Space Systems,\" said Peter Beck, founder and CEO of Rocket Lab.\nRocket Lab guided for fourth-quarter revenue of $270 million to $290 million. 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