Rocket Lab Falls 7% After First Neutron Rocket Launch Delayed
Citizens JMP lowered its price target for Rocket Lab stock to $90 after the maiden launch of its Neutron rocket was delayed from the fourth quarter of 2026 to 2027.
Citizens JMP lowered its price target for Rocket Lab to $90 after the maiden launch of its Neutron rocket was delayed from the fourth quarter of 2026 to 2027, according to MarketBeat.
The delay is attributed to voids discovered in the carbon composite material of the rocket's first-stage forward dome.
The stock fell 6.99% to $51.39 as of 1:07 p.m. Eastern Time, marking its seventh consecutive losing session.
The postponement puts pressure on the company's competitive schedule in the small satellite launch market, where Neutron is expected to serve as a key driver for its next phase of growth alongside its smaller Electron rocket.
What do these terms mean?
Price Target: A price set by bank analysts predicting where they expect the stock to reach over a 12-month period.
Neutron: A medium-lift rocket being developed by Rocket Lab to launch larger payloads than its existing Electron rocket.
Carbon Composite: Light and strong materials made from carbon fibers used in rocket structures.
Weekly Newsletter
Read between the lines before everyone else. Decode the most important economic, tech, and decision-maker movements in the region.. in 5 minutes every Saturday.
