US EditionRocket Lab (RKLB) Stock Hits New All-Time High As Citi Boosts Price Target - Rocket Lab USA (NASDAQ:RKLB)
NEW ZEALAND AND LONG BEACH, CALIFORNIA, JUL 14 – Rocket Lab's stock rose 63% year to date after multiple June launches and a new European Space Agency partnership, nearly doubling shares in two months, analysts say.
- Rocket Lab stock rose nearly 11% on Monday after Citi raised its price target to $50, driven by successful launches and a deal with the European Union.
- Citi analysts expect Rocket Lab's revenue to grow to around $2.6 billion by 2029, driven by 20 Neutron launches per year, according to their analysis.
- The company's market value has increased to over $19 billion since its Nasdaq debut in August 2021, with stock surging over 650% in the past year.
- CEO Peter Beck stated that Rocket Lab is seeing increased demand for its Electron rocket and is producing a rocket every 15 days.
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Stratos Wealth Partners LTD. Sells 25,295 Shares of Rocket Lab Corporation (NASDAQ:RKLB)
Stratos Wealth Partners LTD. trimmed its position in Rocket Lab Corporation (NASDAQ:RKLB – Free Report) by 50.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,980 shares of the rocket manufacturer’s stock after selling 25,295 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Rocket Lab were worth $447,000 …
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Total News Sources11
Leaning Left2Leaning Right0Center4Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 33%
C 67%
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