Latest RKLB stock news, Rocket Lab launch updates, defense contracts, space systems catalysts, earnings, and source-linked market briefs.
KeyBanc analyst Michael Leshock initiated an Overweight rating on RKLB stock with a $135 price target citing a $2.2B backlog and 63% revenue growth, while 130 insider sales in six months with zero purchases add a layer of friction to the bull case.
KeyBanc upgraded RKLB to Overweight with a $135 target as Rocket Lab prepares to join the Nasdaq-100 on June 22, 2026, but the consensus price target sits below the current share price and insiders sold $66.9 million in stock over the past 90 days.
Rocket Lab secured a $190 million hypersonic test flight contract and completed its 84th Electron launch, reinforcing its dual commercial and defense revenue thesis even as the stock faces near-term sector rotation pressure.