TD Cowen Rates Rocket Lab (RKLB) Buy, $90 Price Target

TD Cowen has reiterated its Buy rating on Rocket Lab Corporation (RKLB) on October 15, 2026, keeping the price target steady at $90. This decision comes as Rocket Lab continues to navigate a challenging market, with the stock currently trading at $51.15 as of October 16, 2026.

TD Cowen's Call on Rocket Lab

TD Cowen maintains a Buy rating on Rocket Lab, with a price target of $90. This is the same as its prior target. The firm sees long-term potential in Rocket Lab's growth within the aerospace and defense sector. The stock's current price is notably below the target, indicating potential upside.

Other Institutional Activity in Rocket Lab

Other institutional investors have also shown interest in Rocket Lab. Blackrock Inc. holds 40,580,130 shares, worth about $2.06 billion, after adding 2,594,424 shares. Vanguard Portfolio Management LLC increased its stake by 1,379,593 shares, totaling 27,118,258 shares valued at approximately $1.38 billion. Vanguard Capital Management LLC similarly added 1,012,746 shares, bringing its total to 25,299,213 shares worth about $1.29 billion. Invesco Ltd. made a significant move, increasing its holdings by 14,745,221 shares to a total of 18,343,547 shares valued at around $932.6 million. State Street Corporation also added 517,976 shares, totaling 14,442,067 shares worth about $734.2 million.

Rocket Lab Corporation Stock Down 13.6%

As of October 16, 2026, Rocket Lab shares are trading at $51.15, which is significantly below the 50-day moving average of $70.12 and the 200-day moving average of $81.43. The stock is also about 66.1% below its 52-week high of $151.00 but remains 36.1% above its 52-week low of $37.57.

Recent Earnings

Rocket Lab reported trailing twelve-month revenue of approximately $769.1 million, reflecting a 62% year-over-year growth. However, the company has a net margin of -21.5% and a return on equity of -7.9%. The next earnings report is scheduled for November 9, 2026, which could provide more insights into its financial health.

Insider Buying and Selling at Rocket Lab Corporation

Recent insider transactions show some activity at Rocket Lab. Chief Financial Officer Adam C Spice sold 9,677 shares on August 24, 2026, valued at approximately $673,790. General Counsel Arjun E Kampani sold 6,034 shares on August 27, 2026, worth about $402,186. On the same day, Officer Frank Klein sold 35,558 shares for about $2.37 million. Additionally, on September 2, 2026, Adam C Spice sold 140,157 shares valued at approximately $8.78 million.

Analysts Set New Price Targets

On October 9, 2026, TD Cowen maintained its Buy rating on Rocket Lab with a price target of $90.00, which was reiterated on October 15, 2026. Meanwhile, Barclays initiated coverage with an Overweight rating and a target of $85. Keybanc also maintained its Overweight rating with a target of $100, while Cantor Fitzgerald reiterated its Overweight rating with a price target of $122. The mean price target among analysts stands at approximately $102.94, with 18 analysts providing opinions on the stock.

About Rocket Lab

Rocket Lab Corporation is a space company that provides launch services and space systems solutions in the United States, Canada, Japan, and internationally. The company operates through its launch services and space systems segments, focusing on enhancing access to space for small satellites. This event is significant as it shows continued confidence from analysts amid fluctuating stock prices.

Bottom Line

Investors should keep an eye on Rocket Lab's upcoming earnings report on November 9, 2026, which could shed light on its financial performance. As the stock trades well below its analysts' targets, further developments may influence investor sentiment moving forward.