Why Rocket Lab Stock Popped 11% Today
Rocket Lab USA(RKLB) The Motley Fool·2024-11-11 18:00
Wall Street spies a $300 billion opportunity for Rocket Lab stock.Rocket Lab (RKLB 10.84%) stock rocketed 11.2% through noon ET Monday after investment bank Stifel raised its price target on Friday.Reports indicate that Stifel analyst Erik Rasmussen raised his estimated valuation of the New Zealand rocket-maker by more than 50%, from $9 to $15 a share, and has "high-level conviction" that Rocket Lab will succeed in bringing its new Neutron rocket to market. Neutron is (still) comingIn 2021, Rocket Lab CEO S ...