Rocket Lab (RKLB) Stock: Stifel Reiterates RKLB Buy Rating After Q2 Revenue and Margin Beat, Raises PT to $132

TLDR

• Rocket Lab Q2 revenue rose 62% year over year to a record $234 million, beating the $231 million estimate.
• Stifel reiterated its Buy rating on Rocket Lab and maintained a $132 price target for RKLB shares.
• Rocket Lab’s backlog increased 137% year over year to a record $2.36 billion in the second quarter.
• RKLB added 26 Electron and HASTE missions, taking its total launch backlog above 90 missions.
• Rocket Lab expects Neutron to reach the launch pad in Q4 2026, while its first-flight timing remains uncertain.

Stifel reiterated its Buy rating on Rocket Lab (NASDAQ: RKLB) with a $132 price target after the space company reported second-quarter revenue and margins above expectations. Analyst Erik Rasmussen pointed to growing launch demand, a record backlog, and expansion across defense and space systems as key factors behind the rating.

Source: KnockOutStocks

Rocket Lab reported Q2 2026 revenue of $234 million, up 62% from a year earlier and above the $231 million estimate. The company posted a loss of $0.08 per share, compared with an expected loss of $0.07, while non-GAAP gross margin reached 41.5%. Its backlog climbed 137% year over year to a record $2.36 billion.

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