What's Going On With Rocket Lab Stock on Wednesday? - Rocket Lab (NASDAQ:RKLB)

Rocket Lab’s shares were up slightly on Wednesday as the company posted a second-quarter loss of 8 cents per share, wider than analysts’ expected loss of 7 cents. Revenue came in at $234.07 million, ahead of the $231.35 million consensus. For the third quarter, Rocket Lab guided revenue of $250 million to $265 million versus $238.53 million expected, while projecting an adjusted EBITDA loss of $17 million to $23 million. Analysts continue to rate RKLB as a Buy, with an average price target of $107.71. At publication, the stock traded around $81.80. Key levels cited were $93 resistance and $64 support.