Bank of America reiterates Rocket Lab's "Buy" rating: short-term launch disruptions are noise, with valuation focused on the 2026 first flight of Neutron.

Despite Rocket Lab's performance in some areas falling slightly short of Wall Street expectations, Bank of America remains optimistic about the company, reaffirming its "buy" rating and a price target of $115. The bank also noted signs that the weakness in launch revenue may be temporary. Rocket Lab stated that during the second quarter and after the quarter ended, the company secured over $437 million in new launch contracts for the Electron, HASTE, and Neutron rockets, pushing its launch backlog to over 90 missions.