Analysts are mostly bullish on Rocket Lab (RKLB) with an average price target of $109, well above its current price of $64. The company recently reported a 62% year-over-year revenue increase and a $2.3 billion backlog. However, profitability is still far out. Q2 operating expenses were $142 million, and cash burn is expected to stay high for about two years after the Neutron rocket's first flight. That launch has been delayed again, now targeting Q4 2026 or later. The company is also dealing with integration risks from recent acquisitions and a pending deal with Iridium Communications. At 50 times sales, the stock is priced at a premium considering the ongoing execution risks.