Wall Street Thinks Rocket Lab Is a Buy. Here's Why I'm Not So Sure.

Key Points The launch of its Neutron rocket was originally expected in 2025 but may slip again until 2027. The stock has fallen more than 50% from its all-time high of $151, set back in late May. These 10 stocks could mint the next wave of millionaires › It's no secret that Wall Street analysts are very bullish on Rocket Lab (NASDAQ: RKLB) . The majority rate the stock a buy with an average price target of about $109 per share. This is substantially higher than where the stock is trading as of this writing, at about $64. Rocket Lab also just posted record revenue numbers in its latest quarterly earnings. Revenue increased 62% year over year, the space company's backlog ballooned to more than $2.