Rklb stock shot up more than 11% on Thursday, continuing a red-hot streak that’s been turning heads in both the aerospace and investing worlds.
The day started strong for Rocket Lab, with shares opening at $48.65 before climbing to an intraday high of $53.14. Trading activity was intense, over 10 million shares changed hands by mid-morning.
This latest move adds to a remarkable run: the stock is up nearly 80% in just the past month and has soared roughly 770% over the past year.
The rally underscores growing investor confidence in Rocket Lab’s long-term potential as a serious player in the space industry.
What’s driving Rklb stock towards a new all-time high?
The recent surge in Rocket Lab’s stock is being fueled by a mix of technical breakouts, speculative momentum, and growing investor confidence in the company’s long-term potential.
One of the biggest catalysts on the horizon is the anticipated debut of the Neutron rocket, scheduled for launch in the second half of 2025.
This next-generation vehicle could open the door to major government contracts, including a spot in the US Space Force’s prestigious National Security Space Launch program.
Adding to the optimism, Rocket Lab notched several key milestones in June, completing its 66th, 67th, and 68th Electron rocket launches.
Impressively, two of those missions were flown just 48 hours apart, a new turnaround record for the company.
On top of that, a fresh contract with the European Space Agency has strengthened Rocket Lab’s commercial outlook, especially as demand rises for full-scale satellite constellations rather than just single satellite deployments.
On the technical side, Rocket Lab has cleared some big hurdles.
The stock broke above its key moving averages, and its relative strength index is now pushing 88, an unusually high reading that suggests a lot of near-term buying momentum.
Meanwhile, the options market has been buzzing. There’s been a noticeable spike in volume, especially around the $50 and $51 strike prices as traders position themselves ahead of this month’s options expiry.
All of that speculative interest has only added more upward pressure on the stock.
What analysts say?
Wall Street has been warming up to Rocket Lab in a big way.
Bank of America just bumped its price target from $30 to $50 and reiterated its ‘Buy’ rating, right before the stock jumped more than 9%.
KeyCorp also raised its target earlier this month, moving it to $40 from $29, highlighting Rocket Lab’s steady launch schedule and growing foothold in the space market, while tagging the stock as ‘Overweight.’
Stifel Nicolaus and Roth Capital chimed in too, upping their price targets to $34 and $35, respectively, both sticking with ‘Buy’ ratings.
Needham & Company followed suit, setting a new target at $32 with a bullish outlook.
Not everyone’s charging full throttle, though.
Goldman Sachs just initiated coverage with a more cautious ‘Neutral’ rating and a $27 target, pointing to the stock’s already steep run-up as reason for restraint.
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