Veteran trader weighs in on Rocket Lab and SoFi

Cautiously excited.

Is that a thing? If not, then TheStreet Pro Stephen Guilfoyle is making it one.

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The Wall Street veteran directed his wary enthusiasm toward the aerospace manufacturer and launch-service provider Rocket Lab (RKLB) and fintech SoFi Technologies (SOFI) , which he said were still among his heaviest weighted exposures.

He recently took profits in both. “I also added to both of those names on Wednesday when the entire world was on fire,” he said, as stocks closed lower.

Rocket Lab Founder and CEO Peter Beck said his company was in a prime position. Image source: Bloomberg/Getty Images

Back on Aug. 8 Guilfoyle canceled his immediate target price for Rocket Lab and waited for the stock to approach its 50-day simple moving average, which calculates a stock's average price over that time period.

The SMA helps traders identify trends, determine entry and exit points, and find potential support and resistance levels by filtering out short-term volatility.

Rocket Lab lost ground on Aug. 20 with investors taking profits as they awaited signals about monetary policy from the Federal Reserve’s Jackson Hole symposium.

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“What has me excited is the apparent bull-flag pattern of trend continuance that has developed over the past six weeks or so,” Guilfoyle said.

“This is a signal, especially if the 50-day line holds, that the buyers have rightsized and are willing to support the stock here,” he added. “Obviously losing that line would be suboptimal.”

On Aug. 8 Guilfoyle said his ultimate target for Rocket Lab after reweighting was $61 a share. His current price target is $55.

Rocket Lab beat Wall Street’s second-quarter earnings expectations on Aug. 7.

Shares of Rocket Lab have climbed 61% this year, while the stock has soared by a factor of nearly six from this time in 2024. It closed regular trading Aug. 21 at $41.53.

On Aug. 13 President Donald Trump signed an executive order that looks to accelerate boost U.S. competitiveness in the commercial space industry by cutting regulatory hurdles, speeding up launch and reentry approvals, and advancing spaceport infrastructure.

Analysts at Cantor Fitzgerald said that Rocket Lab and Intuitive Machines (LUNR) should be direct beneficiaries of the order, according to The Fly.

Faster environmental reviews and streamlined licensing, as well as clearer rules could shorten timelines for mission approvals and expansions. These in turn would enable Rocket Lab and Intuitive Machines to scale operations more quickly and capture additional contracts.

The investment firm has an overweight rating on both companies. Cantor has a $54 price target for Rocket Lab and a $16 target for Intuitive Machines.

Needham said RKLB's Q2 revenue and Ebitda came in above the Wall Street consensus, and the outlook was stronger than expected. Management sounded increasingly confident that revenue growth would be steady and gross margin would widen, the investment firm said.

Needham boosted its price target on Rocket Lab to $55 from $45 and affirmed a buy rating on the shares.

Guilfoyle reiterated his $29 price target for SoFi, saying the “chart is not so bad and the levels are clear.”

“The stock created a double-top pattern of bearish reversal from July into August with a downside pivot of $20.50,” he said. “More realistically, the 50-day SMA is probably the line where the selloff either accelerates or the cavalry shows up in the form of institutional investment.”

SoFi recently said it would unveil an international money transfer service later this year. The company partnered with closely held software provider Lightspark to launch a “blockchain-powered remittances service.”

“Blockchain allows us to move money faster,” Chief Executive Anthony Noto told Barron's. “It also allows us to do things like secured lending, which is a lower cost of borrowing than other forms of unsecured lending, like credit card lending.”

SoFI plans to offer stablecoins, in addition to staking features and the option to borrow against crypto assets. “We feel like we’re just getting started, and we’re ushering in these two big technology supercycles in both AI and cryptocurrency,” Noto said.

Citi raised its price target on SoFi to $28 from $18 and maintained a buy rating on the shares. The investment firm said the company's momentum should continue with its crypto offerings helping margins as credit trends are stable.

This story was originally reported by TheStreet on Aug 22, 2025, where it first appeared in the Investing News, Analysis, and Tips section. Add TheStreet as a Preferred Source by clicking here.