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Rocket Lab upgraded to Buy as shares surpass $60, backed by strong backlog and Neutron launch bookings.

Analyst Insights
13 Nov 2026, 18:28 WIB
Seeking Alpha
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Bullish
Rocket Lab upgraded to Buy as shares surpass $60, backed by strong backlog and Neutron launch bookings.

Rocket Lab Corporation received a Buy upgrade as its shares reclaimed the key $60 level, reflecting strong investor confidence despite market volatility. The company boasts a $3.6 billion backlog, more than doubling year over year, with the first 16 Neutron rocket launches already booked and availability extending into the 2030s. However, the Neutron rocket's debut is targeted for 2027 without a fixed date, making successful execution critical to converting backlog orders and achieving cash flow breakeven. Despite facing tough competition from SpaceX and trading at a high valuation nearly 30 times forward revenue compared to aerospace peers below 3 times, investor conviction suggests confidence in Rocket Lab's growth potential and recovery trajectory.

Rocket Lab's shares trade at USD 60.37 as of Nov 13, 2026 23:41 WIB, down 5.77% on the day, significantly below their 52-week high of USD 150.23 but above the 52-week low of USD 39.48. Despite the recent downgrade in price, the company's market cap stands at $43.12 billion, reflecting substantial investor interest even as 85% of Pluang order activity leans toward selling. This contrasts with the strong backlog and growth potential highlighted in the news, showing a market cautious about near-term execution risks.

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