July 8 - Rocket Lab (RKLB, Financial) stock soared 9% on Monday to close at $38.88, marking its biggest one‑day gain in months.
Investors are hoping that fallout from the spat between Elon Musk and President Trump would slow down SpaceX contracts, allowing other rivals to have their way. Rocket Lab, the company with an Electron rocket and satellite-manufacturing services, could seize additional government and commercial contracts in the event of hiccups at SpaceX.
Another factor cited by analysts was the strong prospects of Rocket Lab: the company is expected to produce nearly $578 million in revenues in 2025. That forecast contributes to the stability of its growth pattern.
A wider market was down, with the S&P 500 and Dow Jones Industrial Average moving down by nearly 1%, highlighting how well Rocket Lab performed.
As far as the capabilities of SpaceX are questioned, the shares of Rocket Lab can still increase as the investors re‑evaluate the situation with space launchers.
Is RKLB a Buy Now?
Based on the one year price targets offered by 12 analysts, the average target price for Rocket Lab USA Inc is $31.13 with a high estimate of $45.00 and a low estimate of $19.51. The average target implies a downside of -19.94% from the current price of $38.88.
