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Baird Analyst Initiates Buy Rating on Rocket Lab with Street-High $83 Target Amid 172% YTD Rally

Baird Analyst Initiates Buy Rating on Rocket Lab with Street-High $83 Target Amid 172% YTD Rally

Author:

Global Cryptocurrency

Published:

2025-10-16 12:03:02

18

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BTCCSquare news:

Rocket Lab (RKLB) shares surged 172% year-to-date as Optimism grows around the space technology firm's expansion capabilities. Baird's top analyst Peter Arment issued a Buy recommendation, setting a $83 price target—20% above current levels—citing the company's 94% mission success rate and upcoming Neutron rocket launch as catalysts.

While institutional confidence builds, ARK Invest's Cathie Wood trimmed her position, selling 53,917 shares via the ARK Space Exploration ETF. The divergence highlights competing narratives around RKLB's valuation as it prepares to challenge SpaceX's Falcon 9 in the medium-lift market.

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