Barclays Rates Rocket Lab (RKLB) Overweight, $85 Price Target

Barclays has reiterated its Overweight rating on Rocket Lab Corporation (RKLB) with a price target of $85 on October 9, 2026. The stock is currently trading at about $51.06 as of October 16, 2026, which is below both the analyst's target and the mean price target of $102.94 from 18 analysts covering the stock.

Other Institutional Activity in Rocket Lab

Several other institutional investors have also been active with Rocket Lab shares. Blackrock Inc. increased its holdings by 2,594,424 shares, bringing its total to approximately 40.6 million shares valued at about $2.06 billion. Vanguard Portfolio Management LLC added 1,379,593 shares, resulting in a total of about 27.1 million shares worth roughly $1.38 billion. Meanwhile, Vanguard Capital Management LLC raised its stake by 1,012,746 shares, totaling about 25.3 million shares valued at around $1.29 billion.

Rocket Lab Corporation Stock Down 13.7%

Rocket Lab shares are currently trading well below their 50-day moving average of $70.12 and 200-day moving average of $81.43. The stock is about 66.2% off its 52-week high of $151.00 but is 35.9% above its 52-week low of $37.57. This positioning indicates the stock has faced significant challenges in the market recently.

Recent Earnings

For the trailing twelve months, Rocket Lab reported a revenue of approximately $769.1 million, reflecting a year-over-year growth rate of 62%. However, the company posted an EPS of -$0.23, indicating it has not been profitable recently. The next earnings report is scheduled for November 9, 2026.

Insider Buying and Selling at Rocket Lab Corporation

Insider trading has shown several sales recently. Chief Financial Officer Adam C Spice sold 9,677 shares on August 24, 2026, valued at about $673,790. General Counsel Arjun E Kampani sold 6,034 shares on August 27, 2026, totaling around $402,186. Additionally, Officer Frank Klein sold 35,558 shares on August 27, 2026, for approximately $2.37 million, and Adam C Spice sold another 140,157 shares on September 2, 2026, worth about $8.78 million.

Analysts Set New Price Targets

On October 9, 2026, Barclays initiated its coverage with an Overweight rating and a price target of $85. Earlier, on October 1, Citigroup initiated a Buy rating with a target of $105, while Raymond James set an Outperform rating with a target of $80 on September 11, 2026. Following Barclays, TD Cowen maintained a Buy rating with a target of $90 on October 15, 2026, consistent with its prior target.

About Rocket Lab

Rocket Lab Corporation is a space company that offers launch services and space systems solutions across the globe. It operates in the aerospace and defense sector, focusing on innovative launch capabilities and satellite technologies. This reiteration of Barclays' rating comes as Rocket Lab navigates a competitive landscape in the space industry.

Bottom Line

Investors will be watching Rocket Lab's performance closely as it approaches its next earnings report on November 9, 2026. With several analysts reaffirming positive ratings, the focus will be on how the company continues to grow its revenue and manage its profitability challenges.