What moved RKLB stock today?

Needham raised Rocket Lab’s price target to $90 and reiterated a Buy after the Space Development Agency awarded an $805 million Tracking Layer Tranche 3 contract. The deal is the largest in company history and signals growing defense credibility. That combination of upgrade and contract momentum put RKLB stock back near recent highs.

Is the $90 Rocket Lab price target realistic?

With shares near $77.18 and a record high around $79.83, $90 implies roughly 16% upside. Street targets range from $31 to $90, with a $75 median and $68 consensus. Hitting $90 likely requires solid contract execution, margin progress in space systems, and continued launch cadence without setbacks.

How does the SDA contract affect fundamentals?

The $805 million award adds multi‑year revenue visibility and validates Rocket Lab’s systems capability for defense customers. It can support higher factory utilization and learning-curve benefits, which help margins over time. Investors should watch backlog conversion, delivery timing, and program execution milestones to gauge the real earnings impact on RKLB stock.

What should Canadian investors consider with RKLB stock?

RKLB trades in USD, so currency moves affect CAD returns. There is no dividend today, so U.S. withholding is not an issue. Factor in FX conversion costs and cross‑border commissions. Many Canadians use registered accounts for U.S. stocks, but tax situations differ. Plan orders around U.S. market hours and volatility.

Global Market Insights

RKLB Stock Today, December 27: Needham Hikes PT to $90 on SDA Win

ByHuzaifa Zahoor December 27, 2025December 27, 2025

RKLB stock is in focus today as Needham raised its Rocket Lab price target to $90 and kept a Buy rating following an $805 million Space Development Agency contract. Rocket Lab (RKLB) hit fresh records recently, putting valuation and profit-taking under the spotlight for Canadian investors. With defense wins building credibility, the debate shifts to backlog durability, margins, and cash burn. We break down the upgrade, technicals, and what matters next for RKLB stock from a Canada-first lens.