U.S.-based aerospace company Rocket Lab USA (RKLB) reported an EPS loss of $0.12, missing analysts’ estimate of a $0.07 loss. However, revenue jumped 73% year-over-year to $268 million, beating the $257.21 million estimate. The company also posted a record $3.57 billion backlog, up 52% from the previous quarter.

Analysts maintain a Strong Buy rating on RKLB, with an average price target of $95.35, implying 52% upside. RKLB currently trades at $62.7, down 10% year-to-date.

Latest Analysts’ Views on RKLB Stock

KeyBanc analyst Michael Leshock reiterated a Buy rating on RKLB and a $100 price target, implying almost 60% upside. He views Rocket Lab as one of the strongest companies in the space sector…