Rocket Lab: Is It Finally Time to Buy Below $60?

Rocket Lab stock has declined sharply to under $60 after announcing a delay of its Neutron rocket launch to 2027 due to a propellant dome defect. Despite the setback, the company maintains a strong $2.36 billion backlog and recently signed its largest commercial Electron deal. Analysts suggest the stock's decline presents an attractive entry point for long-term investors, with the current valuation at 27x forward revenue estimates.