Aerospace and Defense Company Rocket Lab (NASDAQ. RKLB) was 7.2% at the daytime, after the company gained an increase in the significant target target of prices and announced a key partnership partnership.
CITI analyst Jason Gursky raised the book target of up to $ 50 to $ 33 on the missile laboratory, maintaining the “Buyer” rating. The update reflects the new assessment model, which in 2029 looks ahead of the company’s income potential, during which CITI projects can reach approximately $ 2.6 billion, and new satellite agreements. Adding a positive momentum, the missile laboratory stated that it has signed a contract to Bollinger Shipyards, the ocean landing platform for its reopened neutron rocket. The 400-foot ship is called “investment”, a critical piece of infrastructure, which will allow the rocket to land on the sea and reuse for future missions. This reuse is fundamental for the Neutron Program Strategy to increase the frequency of the launch of the Great Satellite Deployment and the Growing National Security Mission.
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Rocket Lab shares are very unstable and have had 74 steps more than 5% compared to the previous year. In this context, today’s move shows that the market considers this news meaningful, but nothing that will change the perception of business in principle.
Rocket Lab rose 70% from the beginning of the year, and $ 42.43 for one share, set a new 52 weeks high.
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