Aerospace company Rocket Lab USA ($RKLB) has kicked off the year with a bang after announcing two new projects. One of the most notable developments is its involvement in Firefly Aerospace’s Blue Ghost Mission 1, which aims to send a lander to the moon. Indeed, Rocket Lab has provided high-efficiency solar panels that provide 400 watts of power over 1,470 hours for the mission.
In addition, Rocket Lab will have a busy launch schedule in the coming months. BlackSky Technology ($BKSY) has shipped its first Gen-3 satellite to Rocket Lab for a February launch from New Zealand. This satellite will provide high-resolution imagery and AI-enabled analytics as part of BlackSky’s Gen-3 constellation. Rocket Lab is aiming to surpass its record of 16 launches in 2024, with several missions already lined up.
Looking ahead, Rocket Lab is also making progress on its reusable medium-lift rocket, known as Neutron, which is expected to make a debut by mid-2025. This new rocket will enable Rocket Lab to handle larger payloads and satellite constellations.
Is Rocket Lab a Buy or Sell?
Turning to Wall Street, analysts have a Moderate Buy consensus rating on RKLB stock based on seven Buys, five Holds, and zero Sells assigned in the past three months, as indicated by the graphic below. After a 505% rally in its share price over the past year, the average RKLB price target of $24.06 per share implies 20.5% downside risk.
