An analyst at New Street Research has set a Street-high price target of $150 for Rocket Lab (RKLB), suggesting a potential upside of over 100% from its current trading price of approximately $73. This optimistic forecast stands out against a consensus target price of about $109.
The bullish outlook is reportedly tied to several key milestones for the company. These include the successful commercialization of its new Neutron rocket, continued expansion of government contracts, and the successful integration of its pending Iridium acquisition. The analyst noted, however, that achieving this valuation depends heavily on the company's execution, particularly launching the Neutron rocket on schedule later in 2026.