Rocket Lab USA, Inc. (RKLB) saw its stock surge 5.03% during Thursday's intraday trading session, driven by strong financial performance and optimistic analyst outlooks. The company recently reported record revenue of $155 million for the third quarter, along with a backlog of approximately $1.1 billion, signaling robust demand for its launch services.
Analysts highlight Rocket Lab's potential growth from government contracts, including a $515 million deal with the U.S. Space Development Agency and a bid on another project worth up to $900 million. Additionally, the anticipated launch of the Neutron reusable rocket in early 2026 is seen as a key catalyst, with CEO Peter Beck emphasizing confidence in its success. Cantor Fitzgerald analyst Andres Sheppard maintains an overweight rating on the stock, with a price target of $72, suggesting significant upside from current levels.
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