-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
We raise our 12-month target price to $100 from $80, applying an EV/sales multiple of 45.8x to our 2027 estimate. This multiple is a slight premium to its five-year historical average multiple at 43.1x. We raise our 2026 loss per share estimate to -$0.11 from -$0.18 and cut 2027's EPS estimate to $0.05 from $0.14. Despite the Stage 1 tank setback, Neutron development showed meaningful progress. Multiple critical subsystems passed qualification during the quarter, including the Hungry Hippo fairing, thrust structure, and Stage 2. Flight hardware is now arriving at the Wallops launch site for final integration and testing. First launch is now targeted for Q4 2026. RKLB is not waiting for the first flight to build subsequent vehicles. Management noted that production of additional Neutron tail numbers is already underway, which means follow-on flights will not be delayed by the same duration as the first launch.