New Rocket Lab Price Target, Taking Profits After Incredible Run
We've got a plan for the aerospace firm after earnings.
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Here is a roundup of recent news impacting some names in the $10K Portfolio:
Ondas Inc (ONDS)
(ONDS) is expected to report on Tuesday evening. Wall Street is looking for an adjusted EPS of -$0.03 on revenue of $39.4 million. This would compare to -$0.12 for the year-ago period on sales growth of 827%.
On Monday, analyst Max Michaels of Lake Street (five stars out of five at TipRanks) reiterated his "buy" rating on ONDS, while reiterating his $19. According to TipRanks, Michaels has a 59% success rate over the past two years for an average return of 59.1%.
The Portfolio has a $14 target price on ONDS.
Palantir Technologies (PLTR)
On Monday, analyst Paul Chew of Phillip Securities (five stars out of five at TipRanks) reiterated his "buy" rating on (PLTR) , while increasing his target price from $190 to $202. According to TipRanks, Chew has a 68% success rate over the past two years for an average return of 21%.
On Monday, analyst Louie DiPalma of William Blair (four stars out of five at TipRanks) reiterated his "buy" rating on PLTR without setting a target price. According to TipRanks, DiPalma has had a 51% success rate over the past two years for an average return of 10.1%.
The Portfolio has a $194 target price on PLTR.
Rocket Lab (RKLB)
On Tuesday, analyst Edison Yu of Deutsche Bank (four stars out of five at TipRanks) reiterated his "buy" rating on RKLB, while increasing his target price from $73 to $120. According to TipRanks, Yu has a 44% success rate over the past two years for an average return of 16.2%.
The Portfolio now has a $132 target price on RKLB, up from $112.
Sidus Space (SIDU)
(SIDU) is expected to report on Tuesday evening. The stock is not covered on Wall Street, and I know of no legitimate earnings estimates.
The Portfolio has a $6 target price on SIDU.
SoFi Technologies (SOFI)
On Monday, CEO Anthony Noto purchased $15.545 shares of common stock in (SOFI) at an average price of $16 for roughly $248,800. This comes on top of a May 8 purchase by Noto of 15,878 SOFI shares at an average price of $15.73 for about $249,700.
Noto, who regularly buys his own shares with his own money, is now directly long $11,946,619 shares in his own accounts. Noto has now made 38 separate purchases of SOFI stock over five years. These have all been open market purchases.
On Tuesday, analyst Matthew Coad of Truist Financial (zero stars out of five at TipRanks) reiterated his "hold" rating on SOFI, while decreasing his target price from $20 to $17. According to TipRanks, Coad has a 38% success rate over the past two years for an average return of -5.4%.
The Portfolio has a $24 target price on SOFI.
Upcoming Portfolio Earnings
-Evolv Technologies (EVLV) : after the closing bell on Tuesday, May 12
-Velo3D (VELO) : after the closing bell on Thursday, May 12
-Ondas Inc: ahead of the opening bell on Thursday, May 14
-Sidus Space: ahead of the opening bell on Thursday, May 14
Monday's Intention vs Monday's Actual Trade
Intention: Buy back the one $13 ONDS call at $0.25 or better
Actual trade: Nothing done, bid went unfilled
Tuesday's Intentions
Given the incredible run made recently by portfolio holding Rocket Lab, the portfolio is bound by its code of discipline, due to our target price being overrun, to take some profits and go higher with the rest of the position.
There is no new pattern, so we're temporarily taking the target up to $132 until we have something more concrete to go on.
Intentions:
-Sell three shares of RKLB at $112 or better, leaving a long position of seven shares. The intent is to buy these shares back lower if granted the opportunity.
-Buy back the one $13 ONDS call at $0.25 or better, to close that position
Current Positions
Long 50 shares of EVLV at $6.0898. Last sale: $6.85.
Long 25 shares of (MBLY) at $8.92. Last sale: $9.23.
Long 150 shares of (OCUL) at $8.305. Last sale: $9.20.
Short one OCUL $11 September 18 call at $1.65, Last sale: $1.62.
Long 125 shares of ONDS at $9.4749. Last sale: $9.32.
Short one ONDS $13 June 19 call at $0.84. Last sale: $0.32.
Long 10 shares of (PL) at $37.18. Last sale: $40.83.
Long 12 shares of PLTR at $140.30. Last sale: $136.48.
Long 10 shares of RKLB at $65.173. Last sale: $113.79.
Long 125 shares of SIDU at $2.725. Last sale: $3.51.
Long 100 shares of (SNAP) at $5.9034. Last sale: $5.70.
Short one SNAP $7 June 19 call at $0.45, Last sale: $0.13.
Long 175 shares of SOFI at $15.9573. Last sale: $16.19.
Short one SOFI August 21 $20 call at $1.02. Last sale: $0.98.
Long 60 shares of VELO at $11.7427. Last sale: $14.32.
Cash: $511.37
Portfolio Value: $11,216.39, +12.2% from inception on March 24.
Related: AI Is Booming — But the Consumer Is Struggling
At the time of publication, Guilfoyle was long EVLV, MBLY, OCUL, ONDS, PL, PLTR, RKLB, SIDU, SNAP, SOFI and VELO.
