Why Rocket Lab Stock Is Climbing Today
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Rocket Lab USA shares rose about 10% after Citi raised its price target from $33 to $50, maintaining a Buy rating. The increase reflects progress on the Neutron rocket and growth in satellite services, with expected revenue of $2.6 billion by 2029. Other analysts, including Cantor Fitzgerald and KeyBanc, also raised their targets, citing successful launches and contracts. Rocket Lab's reusable rockets and increasing satellite activity position it well for future demands in launch and AI satellite services.
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