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Rocket Lab just posted a record quarter and a backlog that shocked Wall Street, but the CEO is selling shares while betting billions on a deal that could either transform the company or crush it. Here is what our model says the stock is actually worth.

The company is developing a direct-to-device satellite internet business, but will face major hurdles if it is to be successful.

Apple upgraded, Brinker initiated: Wall Street's top analyst calls

SpaceX initiated, Lululemon downgraded: Wall Street's top analyst calls

Shares of Rocket Lab and Firefly Aerospace advanced before the opening bell on Monday after the space stocks received upgrades following the sharp sector selloff late last week on Elon Musk’s SpaceX initial public offering debut. KeyBanc Capital Markets analysts Michael Leshok and Liam Baker on Sunday upgraded both Rocket Lab and Firefly to Overweight from their previous Sector Weight, setting price targets of $135 and $50, respectively for the space stocks. “Last Friday’s record-setting SpaceX IPO sent ripple effects across our coverage of space-centric equities, with the sector selling off sharply on IPO day and over the weeks leading up to it,” Leshok and Baker wrote.

Such concerns led Oppenheimer analyst Timothy Horan to downgrade shares of AT&T to Perform from Outperform on Wednesday and removed his previous price target of $32. Rising competition from providers of satellite broadband, like Amazon Leo and SpaceX’s Starlink, could take market share from AT&T’s internet business. SpaceX is expected to go public next week, and Horan says the IPO will highlight the risks satellite poses to AT&T.

AST SpaceMobile stock is sinking after Blue Origin's rocket exploded on the launchpad. But is it worth buying ASTS shares on the pullback?

Analysts at Deutsche Bank downgraded AST SpaceMobile to ‘Hold’ from ‘Buy’, while lowering the price target to $106 from $110.