Yahoo Finance reports that analysts generally give Rocket Lab (RKLB) stock a "Strong Buy" rating, with a 12-month price target of $113.76, more than 70% higher than its current price.

The stock has fallen 57% from its late May high, mainly due to increased attention on competitor Space Exploration Technologies, a planned $8 billion acquisition of Iridium Communications, and the delay of the Neutron rocket launch until 2027. Although the company is currently unprofitable and speculative, its Electron rocket has completed 94 missions and has a customer order backlog of $2.36 billion.