Rocket Lab Stock Surges on Reinstated Analyst Coverage
RKLBRocket Lab USA(RKLB) Schaeffers Research·2024-02-12 23:30

Citigroup reinstated coverage of Rocket Lab USA Inc (NASDAQ:RKLB) with a "buy" rating and $6 price target, with the analyst in coverage noting its $515 million award from the Space Development Agency. At last glance, the security is up 8.1% to trade at $4.69.RKLB slipped into chip stock territory back in January, but has been in rally mode since its pullback to $3.89 -- its lowest level since May. The shares are today poised to conquer the 100-day moving average, as they eye their sixth-straight daily win a ...