Rocket Lab and Firefly Get Upgrades. Why the Space Selloff Was ‘Unwarranted.’

Live updates

1. 6d ago

   Rocket Lab and Firefly shares rebound after KeyBanc upgrades; SpaceX selloff fallout eases

   Rocket Lab and Firefly Aerospace shares rose 4.3% Tuesday after KeyBanc upgraded both stocks, calling the SpaceX-driven selloff overdone. Investors now bet on Nasdaq-100 inclusion for Rocket Lab and sector undervaluation. Meanwhile, other space stocks like Planet Labs and Intuitive Machines fell further amid SpaceX IPO trading pressure.

   What's confirmed:

   • Rocket Lab and Firefly Aerospace shares climbed 4.3% Tuesday following KeyBanc’s upgrade to Overweight for both companies.
   • KeyBanc called the SpaceX IPO-driven space sector selloff unwarranted and set $135 as a price target for Rocket Lab and $50 for Firefly Aerospace.
   • Investors are reversing last week’s SpaceX-related selloff, focusing on Rocket Lab’s upcoming Nasdaq-100 inclusion and broader sector undervaluation.
   • Planet Labs shares dropped 10%, Intuitive Machines fell 8%, and Firefly Aerospace declined 7% in midday trading as traders shifted focus to SpaceX.
   confidence 98%
2. 7d ago

   Rocket Lab and Firefly shares jump after upgrades; analysts call SpaceX selloff overdone

   Rocket Lab and Firefly Aerospace shares rose 4.3% Tuesday after KeyBanc upgraded both stocks to Overweight, framing SpaceX’s IPO pullback as a buying opportunity. The moves come as Rocket Lab prepares for Nasdaq-100 inclusion next week, while analysts highlight NASA contracts and sector undervaluation. Investors appear to be reversing last week’s SpaceX-driven selloff, betting on stronger launch execution and index-fund demand.

   What's confirmed:

   • Rocket Lab shares climbed 4.3% Tuesday after KeyBanc upgraded the stock to Overweight with a $135 price target, citing SpaceX’s IPO selloff as a buying opportunity.
   • Firefly Aerospace shares also rose 4.3% Tuesday following KeyBanc’s Overweight upgrade, linking the move to SpaceX’s IPO pullback.
   • Rocket Lab is set to be added to the Nasdaq-100 on June 22, which could bring index-fund demand and increased visibility.
   • Analysts now see value in the satellite launch sector, pointing to NASA contracts and Nasdaq-100 inclusion as key drivers for the upgrades.
   • The upgrades mark a sharp reversal from last week’s market reaction to SpaceX’s IPO pullback, which triggered a broader space-sector selloff.

   Still unconfirmed:

   • Cantor FitzGerald also raised its view on Rocket Lab, though no price target or upgrade details have been confirmed beyond the KeyBanc-led rally.
   confidence 95%
3. 7d ago

   Rocket Lab, Firefly shares rebound after SpaceX selloff downgrades reversed

   Rocket Lab and Firefly Aerospace shares both rose 4.3% Tuesday after KeyBanc upgraded their ratings, calling the recent SpaceX-driven selloff overdone. Analysts now see value in the satellite launch sector, citing NASA contracts and Nasdaq-100 inclusion as key drivers. The moves mark a sharp reversal from last week’s market reaction to SpaceX’s IPO pullback.

   What's confirmed:

   • KeyBanc upgraded Rocket Lab and Firefly Aerospace to Overweight following last week’s SpaceX IPO-driven selloff, triggering a 4.3% share price increase for both companies.
   • The analyst-driven rebound follows a broader reassessment of valuations in the satellite launch sector, with NASA contracts and Nasdaq-100 inclusion cited as supporting factors.
   • Rocket Lab’s shares reached $106.84 after the upgrade, reversing earlier losses tied to SpaceX’s decision to delay its IPO.

   Still unconfirmed:

   • Analysts are reportedly advising investors to buy Rocket Lab and Firefly stocks amid the SpaceX-driven selloff, though no specific firms beyond KeyBanc have been named.
   confidence 95%
4. 7d ago

   Rocket Lab, Firefly Stocks Rally as Analysts Call Space Selloff Overdone

   Rocket Lab shares surged 12% Monday after KeyBanc and other analysts upgraded their ratings, dismissing the recent selloff as unwarranted. Firefly Aerospace also saw renewed investor interest following similar upgrades. The moves follow a broader reassessment of valuations in the satellite launch sector, driven by NASA contracts and Nasdaq-100 inclusion.

   What's confirmed:

   • Rocket Lab shares jumped 12% in early trading Monday after KeyBanc and other analysts upgraded their stock ratings.
   • KeyBanc upgraded both Rocket Lab and Firefly Aerospace to Overweight, calling the recent space sector selloff unwarranted.
   • The upgrades follow a SpaceX IPO-driven selloff that analysts say created unjustified pressure on smaller launch providers.
   • Firefly Aerospace dropped 19% after SpaceX’s IPO but was upgraded to Overweight by KeyBanc with a $135 price target.
   • KeyBanc cited Rocket Lab’s inclusion in the Nasdaq-100 and a NASA contract as key factors supporting the upgrades.
   • Analysts maintain Rocket Lab’s 'Moderate Buy' rating despite market fluctuations, reflecting confidence in its specialized role in the industry.
   confidence 100%
5. 7d ago

   Rocket Lab Stock Surges 12% After Analyst Upgrades, Firefly Gains Attention

   Rocket Lab shares jumped 12% in early trading Monday after KeyBanc and other analysts upgraded their stock ratings, calling the recent selloff unjustified. Firefly Aerospace also saw renewed interest as investors reassess valuations in the satellite launch sector. Analysts maintain Rocket Lab’s 'Moderate Buy' rating despite market fluctuations. The moves reflect broader optimism about the companies’ specialized roles in the industry.

   What's confirmed:

   • Rocket Lab’s stock rose 12% in morning trading Monday following positive analyst revisions and strong first-quarter earnings.
   • KeyBanc and other analysts have upgraded Rocket Lab’s valuation, arguing its stock was unfairly pressured by the SpaceX IPO.
   • The consensus rating for Rocket Lab remains 'Moderate Buy,' reflecting sustained confidence in its market position despite volatility.
   • Analysts emphasize Rocket Lab’s and Firefly Aerospace’s distinct, complementary roles in the satellite launch market.

   Still unconfirmed:

   • Firefly Aerospace may see similar analyst upgrades following Rocket Lab’s momentum, though no official revisions have been announced.
   confidence 92%
6. 7d ago

   Rocket Lab and Firefly upgraded as analysts call SpaceX selloff ‘overdone’

   KeyBanc and other analysts have upgraded both Rocket Lab and Firefly Aerospace, arguing their stocks were unfairly pressured by the SpaceX IPO. Rocket Lab’s shares have rebounded amid calls to reconsider its valuation. The consensus rating for Rocket Lab remains a 'Moderate Buy,' despite recent market volatility. Analysts stress the companies’ distinct roles in the satellite launch market.

   What's confirmed:

   • KeyBanc upgraded both Rocket Lab and Firefly Aerospace today, citing their undervaluation amid broader space sector selloffs.
   • An analyst described the SpaceX-fueled selloff as ‘unwarranted,’ arguing it disproportionately hurt smaller launch providers.
   • Rocket Lab’s stock price has rebounded following the upgrades, though it remains below pre-selloff highs.
   • Rocket Lab holds a consensus rating of ‘Moderate Buy’ from analysts, reflecting its steady market position despite recent turbulence.
   • Firefly Aerospace was also upgraded today, with analysts highlighting its growth potential in the small satellite launch market.

   Still unconfirmed:

   • Rocket Lab’s valuation may soon surpass pre-IPO levels if current momentum continues (single-source claim).
   • Firefly could secure additional contracts in the coming quarter, though no deals have been announced (analyst speculation).
   confidence 93%