Craig-Hallum Rates Rocket Lab (RKLB) buy, $120 Price Target

Craig-Hallum analyst Jeff Van Rhee maintains a buy rating on Rocket Lab with a $120 price target, a 12.77% upside from the current price.

By EarningsIQ Research Desk · Published Jun 30, 2026, 11:02 AM EDT · Updated Jul 1, 2026, 3:01 PM EDT

Reviewed by automated data checks against the source data. How we make and check alerts

Craig-Hallum rated Rocket Lab Corporation ($RKLB) "buy" with a $120 price target on June 30, 2026.

Since the rating, $RKLB is down 17.9% after 1 week, down 36.4% after 1 month and down 50.0% to date (from the $101.65 close on Jun 30, 2026).

RKLB Rocket Lab Corporation

$50.84 -33.10% year to date

Daily close · Oct 16, 2026

Key Points

Craig-Hallum reiterated its buy rating on Rocket Lab Corporation with a $120 price target on June 30, 2026.
Craig-Hallum's $120 price target implies 12.77% upside from Rocket Lab Corporation's ($RKLB) current $106.41 share price.
Shares of Rocket Lab Corporation traded at $96.05 on Tuesday, with a market cap of approximately $52.8 billion.
Analyst consensus for Rocket Lab is a buy, with a mean target price of $106.92 among 18 analysts.

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On June 30, 2026, Craig-Hallum analyst Jeff Van Rhee reiterated his buy rating on Rocket Lab Corporation (NasdaqGS: RKLB) and set a price target of $120. This update comes as Rocket Lab's shares traded around $96.05 on Tuesday.

Analyst rating track record

Craig-Hallum vs. the S&P 500

YTD return +82.91% hypothetical

All-time return +150.29% S&P 500 +29.06%

vs. S&P 500 +121.23% ahead of the index

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

Rocket Lab Corporation Stock Up 79.8%

Shares of NasdaqGS:RKLB traded near $96.05 on Tuesday. Rocket Lab Corporation has a market cap of approximately $52.8 billion and a beta of 2.499, indicating higher volatility compared to the market. The stock's 52-week range spans from $33.73 to $151.00. Its 50-day moving average is $105.80, while the 200-day moving average stands at $74.89. The company has a current ratio of 4.475 and a quick ratio of 3.874, reflecting strong liquidity. However, Rocket Lab is not currently profitable, with no meaningful P/E ratio.

12-month forecast

$RKLB price target

Rocket Lab Corporation daily closes and this analyst's $120 target. Not advice.

Recent Earnings

Rocket Lab reported revenue of $679.6 million with a growth rate of 63.5%. Despite this growth, the company posted a net margin of -26.9% and a return on equity of -13.5%. Rocket Lab is expected to announce its next earnings on August 6, 2026.

Insider Buying and Selling at Rocket Lab Corporation

Several insider transactions have been reported recently at Rocket Lab. On June 18, 2026, Arjun Kampani, Senior Vice President & General Counsel, sold 88,000 shares at an average price of $107.98. Earlier, on June 3, 2026, Agostino Ricupati, Vice President Corp Controller & CAO, and Adam Spice, Chief Financial Officer, both purchased shares, with Spice buying 275,319 shares.

Analysts Set New Price Targets

On June 30, 2026, several analysts updated their ratings for Rocket Lab. B of A Securities maintained a buy rating with a $115 target, while Cantor Fitzgerald reiterated a buy with a $96 target. Citizens and Roth Capital both maintained buy ratings with targets of $130. Meanwhile, Keybanc upgraded the stock to a buy on June 15, 2026, with a target of $135. The consensus among 18 analysts is a buy rating, with a mean target price of $106.92.

About Rocket Lab Corporation

Rocket Lab Corporation, headquartered in Long Beach, California, is a leader in the aerospace and defense industry. Founded in 2006, the company offers a variety of services, including launch services and space systems solutions. It designs and manufactures small and medium-class rockets, such as the Electron and Neutron launch vehicles, for various missions, including satellite launches and potentially human spaceflight. With a workforce of around 2,600 employees, Rocket Lab serves a diverse clientele, including commercial and government entities.

Bottom Line

Craig-Hallum's reaffirmed buy rating and the $120 target reflect continued confidence in Rocket Lab Corporation's growth potential. Investors often track analyst ratings to gauge market sentiment, though it's important to remember these are backward-looking assessments. Rocket Lab's upcoming earnings report on August 6, 2026, will be closely watched for further insights into its financial trajectory.