Rocket Lab (NASDAQ:RKLB | RKLB Price Prediction) delivered a quarter that reframes the investment case. Revenue hit a record, backlog exploded past $2 billion, and management inked a transformative deal to acquire Iridium.
Our 24/7 Wall St. price target for Rocket Lab is $120.55, implying meaningful upside from current levels. The recommendation is buy, with moderate confidence given execution risk on Neutron and multi-acquisition integration.
24/7 Wall St. Price Target Summary
| Metric | Value |
|---|---|
| Current Price | $80.04 |
| 24/7 Wall St. Price Target | $120.55 |
| Upside | 50.61% |
| Recommendation | BUY |
| Confidence Level | 50% |
A Record Quarter Meets a Volatile Tape
Rocket Lab shares are up 13.64% over the past…
