What's happening
- Next earnings hit May 7 with consensus of -$0.04 EPS on $190M revenue, the first print since the Neutron delay to late 2026 was disclosed.
- Stock is up 26.7% in a week and 33% in a month as Stifel raised its target to $105 and Roth lifted theirs to $100 within 48 hours of each other.
- SpaceX's confidential filing at a reported $2T+ valuation is driving sector-wide multiple expansion, with RKLB trading at 85.6× sales as the most liquid pure-play proxy.
- One-year return of 353% is more than triple the 101% aerospace peer average, reflecting a full re-rating rather than fundamental catch-up.
- Director Arjun Kampani bought 77,189 shares via Form 4 in the last 30 days, the only insider transaction on record and a notable vote of confidence near highs.