Keybanc Cuts Rocket Lab (RKLB) Price Target to $100

Keybanc has reiterated its Overweight rating on Rocket Lab with a new price target of $100, a 95.50% upside from the current price.

By TradeTexts Research Desk · Published Oct 16, 2026, 11:15 AM EDT · Updated Oct 16, 2026, 2:15 PM EDT

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Keybanc cut its price target on Rocket Lab Corporation ($RKLB) to $100 from $135 on October 15, 2026, and rates the stock "Overweight".

Since the rating, $RKLB is down 8.0% to date (from the $55.25 close on Oct 15, 2026).

RKLB Rocket Lab Corporation

$50.84 -33.10% year to date

Daily close · Oct 16, 2026

Key Points

On October 15, 2026, Keybanc reiterated its Overweight rating on Rocket Lab Corporation, maintaining a price target of $100.
Rocket Lab shares recently traded at $51.15, significantly below the new price target, creating a potential upside of 95.5%.
The company is set to report its next earnings on November 9, 2026, following a year-over-year revenue growth of 62%.

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Rocket Lab Corporation (NasdaqGS: RKLB) received a reaffirmation of its Overweight rating from Keybanc on October 15, 2026. The firm set a new price target of $100, down from $135, highlighting the stock's current trading level relative to the target.

Analyst rating track record

Keybanc vs. the S&P 500

YTD return -3.09% hypothetical

All-time return -3.09% S&P 500 +3.97%

vs. S&P 500 -7.06% behind the index

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

Keybanc's Call on Rocket Lab

Keybanc maintained its Overweight rating on Rocket Lab, with a price target of $100. This target is significantly lower than the previous target of $135, reflecting the firm's updated outlook. As of October 16, 2026, Rocket Lab's shares were trading at $51.15, which is below the analyst's target by about 48.9%.

Other Institutional Activity in Rocket Lab

In recent filings, several institutional investors have adjusted their stakes in Rocket Lab. Blackrock Inc. increased its holdings by 2,594,424 shares, bringing its total to 40,580,130 shares valued at approximately $2.06 billion. Vanguard Portfolio Management LLC added 1,379,593 shares, resulting in 27,118,258 shares worth about $1.38 billion. Meanwhile, Invesco Ltd. saw a significant increase, adding 14,745,221 shares, totaling 18,343,547 shares valued at around $933 million.

Rocket Lab Corporation Stock Down 13.6%

As of October 16, 2026, Rocket Lab shares traded at $51.15, significantly below the 50-day and 200-day moving averages, which stand at $70.12 and $81.43, respectively. The stock is also trading well below its 52-week high of $151.00, currently sitting 66.1% lower, but above its 52-week low of $37.57 by 36.1%.

12-month forecast

$RKLB price target

Rocket Lab Corporation daily closes and this analyst's $100 target. Not advice.

Recent Earnings

Rocket Lab reported trailing twelve-month revenue of approximately $769.1 million, showing a year-over-year revenue growth of 62%. The company is currently unprofitable, with a net margin of -21.5% and an earnings per share (EPS) of -$0.23. The next earnings report is scheduled for November 9, 2026.

Analysts Set New Price Targets

On the same day as Keybanc's announcement, TD Cowen reiterated its Buy rating on Rocket Lab with a price target of $90, down from $120. Cantor Fitzgerald also maintained its Overweight rating, setting a target of $122. The consensus among analysts suggests a mean price target of approximately $102.94, with 18 analyst opinions contributing to this estimate.

About Rocket Lab Corporation

Rocket Lab Corporation is a space company providing launch services and space systems solutions. It operates in the United States, Canada, Japan, and internationally, focusing on making space more accessible. The recent analyst activity reflects the challenges and opportunities the company faces in this competitive industry.

Bottom Line

Investors will want to keep an eye on Rocket Lab's upcoming earnings report on November 9, 2026, to gauge its financial health. Keybanc's updated price target suggests a significant gap from the current trading price, indicating potential volatility in the stock's performance ahead.