KeyBanc Lifts Rocket Lab's (RKLB) Target Amid Robust Growth in Space Systems Segment and Archimedes Production

Rocket Lab Corporation (NASDAQ:RKLB) is among the 10 Largest Defense Stocks in 2025. On October 17, KeyBanc lifted the price target on the stock to $75 from $50 while maintaining an Overweight rating on its shares following a meeting with the company’s CEO and CFO and a visit to its Long Beach, CA, headquarters.

The firm said that it had gained incremental visibility into the robust growth within Rocket Lab Corporation (NASDAQ:RKLB)’s Space Systems segment and the production of Archimedes engines. KeyBanc believes the company is positioning itself as a national security asset through its hypersonic initiatives and reliable space access.

The analyst also noted the company’s strong cash position, which is facilitating the ongoing growth investments, likely mergers and acquisitions, and future space endeavors.

Overall, Wall Street analysts have a bullish outlook for the stock with a consensus Buy rating. However, its one-year average share price target of $58.67 represents a near 8% downside from Wednesday’s close.

Rocket Lab Corporation (NASDAQ:RKLB) is an end-to-end space company with an established track record of delivering mission success. The stock is skyrocketing in 2025, with year-to-date returns of nearly 150%.

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Disclosure: None.