TD Cowen Cuts Rocket Lab (RKLB) Price Target to $90

TD Cowen has reiterated its Buy rating on Rocket Lab, lowering the price target to $90 from $120, a 76.25% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:13 PM EDT

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TD Cowen cut its price target on Rocket Lab Corporation ($RKLB) to $90 from $120 on October 9, 2026, and rates the stock "Buy".

Since the rating, $RKLB is down 25.5% after 1 week and down 25.5% to date (from the $68.21 close on Oct 9, 2026).

RKLB Rocket Lab Corporation

$50.84 -33.10% year to date

Daily close · Oct 16, 2026

Key Points

On October 9, 2026, TD Cowen reiterated a Buy rating on Rocket Lab Corporation (NasdaqGS: RKLB), with a new price target of $90, down from $120.
TD Cowen's $90 price target implies 76.25% upside from Rocket Lab Corporation's ($RKLB) current $51.06 share price.
Recently, Rocket Lab shares have been trading around $51.06, which is significantly below the new target and the average analyst target of $102.94.
Rocket Lab's revenue for the trailing twelve months reached $769.1 million, reflecting a year-over-year growth of 62%.

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TD Cowen has reiterated its Buy rating on Rocket Lab Corporation (NasdaqGS: RKLB) on October 9, 2026, lowering the price target to $90 from $120. This change comes as the company's shares are currently trading at about $51.06, well below the new target. The stock is also trading significantly below the average analyst target of $102.94, indicating a potential upside for investors if the stock rebounds.

Other Institutional Activity in Rocket Lab Corporation

Several funds have shown interest in Rocket Lab. BlackRock Inc. has 40,580,130 shares valued at about $2.06 billion, having added 2,594,424 shares recently. Vanguard Portfolio Management LLC holds 27,118,258 shares worth around $1.38 billion, increasing its position by 1,379,593 shares. Vanguard Capital Management LLC also grew its stake by 1,012,746 shares to reach 25,299,213 shares valued at about $1.29 billion. Invesco Ltd. made a significant move, adding 14,745,221 shares, bringing its total to 18,343,547 shares worth roughly $933 million. State Street Corporation holds 14,442,067 shares, worth about $734 million, after increasing its stake by 517,976 shares.

Rocket Lab Corporation Stock Down 13.7%

As of October 16, 2026, Rocket Lab shares are trading around $51.06, which is about 27.2% below its 50-day moving average of $70.12 and 37.3% below the 200-day average of $81.43. The stock is currently 66.2% below its 52-week high of $151.00 but is 35.9% above the 52-week low of $37.57.

12-month forecast

$RKLB price target

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

Recent Earnings

Rocket Lab reported trailing twelve-month revenue of $769.1 million, showing a strong year-over-year growth of 62%. However, the company has an earnings per share (EPS) of -$0.23, and its net margin stands at -21.5%. The next earnings report is scheduled for November 9, 2026.

Insider Buying and Selling at Rocket Lab Corporation

Recent insider transactions include sales by Chief Financial Officer Adam C Spice, who 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 of the company, sold 35,558 shares worth about $2.37 million on the same day. Earlier, Spice sold 140,157 shares valued at about $8.78 million on September 2, 2026.

Analysts Set New Price Targets

On October 9, 2026, TD Cowen maintained a Buy rating on Rocket Lab with a revised price target of $90. This analysis follows other recent ratings, including Raymond James initiating coverage with an Outperform rating and a target of $80 on September 11, and Citigroup initiating a Buy rating with a $105 target on October 1. The consensus among 18 analyst opinions suggests a mean price target of approximately $102.94.

About Rocket Lab Corporation

Rocket Lab Corporation, based in Long Beach, California, provides launch services and space systems solutions. The company operates in the aerospace and defense sector, targeting clients in the U.S., Canada, Japan, and beyond. This reiteration by TD Cowen highlights ongoing confidence in Rocket Lab’s potential despite recent share price declines.

Bottom Line

Investors should keep an eye on Rocket Lab's upcoming earnings report on November 9, 2026, as well as further analyst ratings and price targets. With shares currently trading below key averages and targets, there may be opportunities for growth if the company's performance aligns with market expectations.