Rocket Lab stock hovers near highs after Baird lifts RKLB target to $100 — what’s next
Rocket Lab shares rose 0.1% to $87.98 by midday Tuesday after Baird raised its price target to $100, citing a recent $816 million U.S. defense satellite contract. The stock traded on heavy volume as investors focused on execution risks and the company’s upcoming earnings. Rocket Lab’s revenue surged 52% over the past year, but it remains unprofitable.