Rocket Lab (RKLB) Stock Falls 11% After Neutron Launch Delay to 2027 – Time to Buy?
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TLDR Rocket Lab (RKLB) stock fell as much as 11% Thursday after Neutron’s first launch moved to 2027. CEO Peter Beck blamed errors in the production process, which the company has fixed. KeyBanc kept a Buy rating but cut its price target to $100 from $135. The stock is down close to 25% this year and nearly 70% below its May record. Wall Street holds a Strong Buy consensus, with an average price target of $100.25. Rocket Lab (RKLB) stock dropped on Thursday after the company pushed back the first launch of its Neutron rocket to 2027. The stock fell as much as 11% in recent trading. Rocket Lab USA, Inc., RKLB Another report had the stock down 7% on the day.
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