Why Rocket Lab Stock Plummeted as Much as 16% Today - AOL

Rocket Lab shares fell as much as 16% after the company updated its schedule for its Neutron medium-lift reusable rocket. In trading, the stock was down 9.8% at 1:48 p.m. ET, after earlier losses. Rocket Lab said it now expects Neutron to reach the launchpad in 2027, instead of the fourth quarter of 2026, following the discovery of an issue in the propellant dome manufacturing process; the company said it has resolved it. Analysts cut price targets: KeyBanc lowered its target to $100 from $135, maintaining an overweight rating, while Clear Street analyst Greg Pendy reduced his target to $105 from $129 with a buy rating. With the stock closing at $59.18 on the prior day, those targets imply upside of 69% and 77%, respectively. Rocket Lab also reported a record $2.36 billion backlog at the end of Q2 2026.