Citizens Cuts Rocket Lab (RKLB) Price Target to $90

Citizens has reiterated its Market Outperform rating on Rocket Lab, adjusting its price target to $90, a 75.95% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 11:15 AM EDT · Updated Oct 16, 2026, 2:15 PM EDT

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Citizens cut its price target on Rocket Lab Corporation ($RKLB) to $90 from $130 on October 16, 2026, and rates the stock "Market Outperform".

RKLB Rocket Lab Corporation

$50.84 -33.10% year to date

Daily close · Oct 16, 2026

Key Points

On October 16, Citizens reiterated its Market Outperform rating on Rocket Lab Corporation, setting a new price target of $90, down from $130.
Citizens's $90 price target implies 75.95% upside from Rocket Lab Corporation's ($RKLB) current $51.15 share price.
Rocket Lab shares recently traded around $51.15, significantly below its 52-week high of $151.00 and 50-day moving average of $70.12.
Analysts currently have a consensus target price of approximately $102.94 for Rocket Lab, with 18 opinions supporting this view.

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Rocket Lab Corporation (NasdaqGS: RKLB) received an updated rating from Citizens on October 16, 2026. Citizens reiterated its Market Outperform rating and adjusted its price target to $90, down from a prior target of $130.

Analyst rating track record

Citizens vs. the S&P 500

YTD return -11.87% hypothetical

All-time return -11.87% S&P 500 +4.07%

vs. S&P 500 -15.94% behind the index

Hypothetical returns from Citizens's disclosed trades, not real profit or advice. How we model this.

Citizens' Call on Rocket Lab

Citizens maintained its Market Outperform rating on Rocket Lab, lowering its price target to $90. This reflects a significant shift from its previous target, indicating a cautious outlook as the company faces market pressures.

Other Institutional Activity in Rocket Lab

Several institutional investors also hold significant stakes in Rocket Lab. BlackRock Inc. owns 40,580,130 shares worth about $2.06 billion, having increased its holdings by 2,594,424 shares, a 6.8% rise. Vanguard Portfolio Management LLC holds 27,118,258 shares valued at approximately $1.38 billion, adding 1,379,593 shares, up 5.4%. Vanguard Capital Management LLC increased its position by 1,012,746 shares to a total of 25,299,213 shares worth around $1.29 billion, reflecting a 4.2% change. Invesco Ltd. significantly boosted its holdings by 14,745,221 shares, now holding 18,343,547 shares valued at about $933 million. State Street Corporation added 517,976 shares, bringing its total to 14,442,067 shares worth around $734 million.

Rocket Lab Corporation Stock Down 13.6%

Rocket Lab's shares recently traded around $51.15, which is below both the 50-day moving average of $70.12 and the 200-day moving average of $81.43. The stock is also well below its 52-week high of $151.00, currently sitting about 66.1% lower than that peak. However, it is above its 52-week low of $37.57, by about 36.1%.

12-month forecast

$RKLB price target

Rocket Lab Corporation daily closes and this analyst's $90 target. Not advice.

Recent Earnings

For the trailing twelve months, Rocket Lab reported revenue of approximately $769.1 million, which reflects a year-over-year growth of 62%. However, the company has a net margin of -21.5% and a return on equity (ROE) of -7.9%. The next earnings report is scheduled for November 9, 2026.

Insider Buying and Selling at Rocket Lab Corporation

Recent insider transactions include several sales. Adam C. Spice, the Chief Financial Officer, sold 9,677 shares valued at approximately $673,790 on August 24, 2026. General Counsel Arjun E. Kampani sold 6,034 shares for about $402,186 on August 27, 2026. Frank Klein, an officer, sold 35,558 shares worth around $2.37 million on the same day. Spice also sold 140,157 shares valued at about $8.78 million on September 2, 2026.

Analysts Set New Price Targets

On October 16, 2026, Citizens maintained a Market Outperform rating for Rocket Lab with a price target of $90. This follows similar actions from TD Cowen and KeyBanc, which also reiterated their ratings around the same time. The consensus among analysts suggests a mean price target of approximately $102.94, with 18 analysts providing opinions.

About Rocket Lab

Rocket Lab Corporation is a space company that offers launch services and space systems solutions. It operates in multiple markets, including the United States, Canada, and Japan. The company focuses on providing reliable and cost-effective access to space, which is crucial as it navigates a competitive and evolving industry.

Bottom Line

Investors should keep an eye on Rocket Lab's upcoming earnings report on November 9, 2026, as well as any further analyst updates that may arise. Citizens' reiteration of its rating highlights ongoing confidence in the company despite the adjusted price target.