Stock Track | Rocket Lab USA Soars 5.04% as KeyBanc Raises Price Target to $32

Stock Track01-29

Shares of Rocket Lab USA, Inc. (RKLB) soared 5.04% on Wednesday, outperforming the broader market during the intraday trading session.

The rally comes after KeyBanc analyst raised their price target on the aerospace company to $32 from $27. The firm cited Rocket Lab's execution on recent milestones and positive outlook under the new U.S. presidential administration as key reasons for the increased price target.

Rocket Lab has made significant progress in expanding its launch and satellite services capabilities. With a new administration taking charge, analysts are optimistic about favorable policies and government contracts that could drive further growth for the company.

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