Rocket Lab (RKLB) Surges 8% on Neutron Rocket Progress, $100 Price Target in Sight
Rocket Lab's stock soared 8% Tuesday as investors cheered milestones in its Neutron rocket program. The delivery of the Hungry Hippo fairing to Virginia's Wallops Island launch site marked a critical step toward the rocket's maiden flight.
Year-to-date gains now exceed 24%, with a staggering 195% climb over the past twelve months. Market participants are rewarding operational execution—successful Electron missions, hardware integration, and sector leadership appear to outweigh temporary challenges.
Wall Street's upgraded forecasts suggest growing confidence, with price targets ranging $100-$120. Morgan Stanley recently joined the bullish chorus with a rating upgrade. The stock now faces questions of valuation as it trades above some analysts' fair value estimates ahead of its February 26 earnings report.
