Rocket Lab Climbs 7% as Cantor Reiterates $122 Target on Launch Record; Intuitive Machines Jumps 10%, AST SpaceMobile Rises 6%

Rocket Lab Climbs 7% as Cantor Reiterates $122 Target on Launch Record; Intuitive Machines Jumps 10%, AST SpaceMobile Rises 6%

Cantor Fitzgerald just restated its bull case for Rocket Lab with a $122 target, yet the stock is trailing a space peer that received no catalyst at all, and that disconnect tells you something important about what is actually driving Monday's rally.

Cantor Fitzgerald Reiterates Overweight Rating On Rocket Lab (NASDAQ: RKLB), Sees 89% Upside Potential

Shares of aerospace and defense company Rocket Lab (NASDAQ: RKLB) surged 8.2% in afternoon trading after Cantor Fitzgerald reaffirmed its bullish stance on the stock with a $122 price target. Cantor Fitzgerald analyst Andres Sheppard stated that the firm remains bullish and considers current price levels an attractive entry point, according to StreetInsider. The $122 […]

Rocket Lab Stock Jumps 8% as Cantor Holds $122 Target

Rocket Lab USA (NASDAQ: RKLB) closed at $69.89 on 21 September, up 8.24%, recovering from a 4.8% drop on 18 September that followed a $1.94 billion equity raise to fund its Iridium Communications acquisition.  The rebound was driven by the company's 96th Electron mission, launched on 19 September for repeat customer Synspective, and a reiterated $122 price target from Cantor Fitzgerald. Mission 96 and the Synspective Backlog The mission, named "…