Cantor Boosts RKLB on Iridium Deal and Neutron Catalyst, Sets $122 Target
Sep 22, 2026, 10:32 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Reconfirmed buy-side support (Cantor) with a lofty target; funding secured for a mid-2027 deal; Neutron catalyst provides a tangible near-term upside; multiple upgrades and a notable revenue lever from the IRDM deal can drive a re-rating from current levels.
AI summary
What happened, with direct paths to the underlying reporting
Cantor Fitzgerald reaffirmed an Overweight rating on Rocket Lab (RKLB) with a $122 target, citing Iridium's acquisition and the Neutron rocket as primary catalysts. The firm believes the deal could double annual revenue and that Neutron may become a direct alternative to SpaceX's Falcon 9 once operational. RKLB recently notched its 96th Electron launch, reinforcing its competitive momentum.
Cantor reaffirmed RKLB overweight rating and $122 target.
96th Electron launch last weekend strengthens competitive position.
Near-term technicals improving; resistance near $78.50, support near $61.
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