TD Cowen cut target for Rocket Lab stock from USD 120.00 to USD 90.00

Published on 10/20/2026 at 18:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Rocket Lab moved Neutron's first launch to 2027 on October 14, 2026. Rocket Lab stock costs EUR 45.85 on October 20, 2026 in after-hours trading.

Analyst target and launch timing

TD Cowen cut its Rocket Lab target from USD 120.00 to USD 90.00 on October 9, 2026.
Rocket Lab moved the first Neutron launch to 2027 in an October 14, 2026 release.
Rocket Lab stock costs EUR 45.85 at Lang & Schwarz on October 20, 2026 at 6:37 p.m. CEST.

Rocket Lab, US7731211089, Illustration mit AI erstellt.

TD Cowen cut its Rocket Lab target from USD 120.00 to USD 90.00 on October 9, 2026, while maintaining a Buy rating, according to Yahoo Finance. Rocket Lab also moved the first launch of its Neutron rocket to 2027 in a release dated October 14, 2026. The stock was trading at EUR 45.85 at Lang & Schwarz on October 20, 2026 at 6:37 p.m. CEST.

Neutron timing resets the calendar

Rocket Lab said on October 14, 2026 that Neutron's inaugural launch is expected in 2027. The company had previously targeted the fourth quarter of 2026, making the schedule change the clearest operating date for investors to track. The release described the update as part of the vehicle's development program and did not provide a new quarter for the first flight.

USD 30.8 billion market value

Rocket Lab's Nasdaq quote was USD 51.53 on October 20, 2026 at 12:44 p.m. ET, with 10,323,021 shares traded. The same market view put the 52-week range at USD 37.57 to USD 151.00 and market capitalization at USD 30.8 billion. The euro quotation is a separate German-market indication and is not combined with the Nasdaq move.

Targets remain above the market

TD Cowen's revised USD 90.00 target remains above the USD 51.53 Nasdaq price cited on October 20, 2026, although the firm reduced its target by USD 30.00 from USD 120.00. The revised target reflects a more cautious valuation framework while retaining a positive rating. Rocket Lab's price-to-earnings ratio was negative 186.15 on the same market snapshot, so earnings-based valuation remains difficult to interpret as the company develops Neutron alongside its Electron launch and space-systems businesses.

What investors can measure next

The next useful milestones are the Neutron development process and the company's launch execution through 2027. Rocket Lab's investor-relations page describes the company as an end-to-end space business spanning launch services, satellites, spacecraft components and on-orbit management. That mix gives investors operating data beyond the Neutron schedule, but the delayed first flight keeps execution timing central to the valuation discussion.

Rocket Lab stock after hours

Rocket Lab stock was trading at EUR 45.85 at Lang & Schwarz on October 20, 2026 at 6:37 p.m. CEST. Its Nasdaq price was USD 51.53 on October 20, 2026 at 12:44 p.m. ET, while the 52-week range extended from USD 37.57 to USD 151.00. The further course of trading is shown by the continuously updated real-time quote of Rocket Lab stock.