Rocket Lab Corporation (NASDAQ:RKLB) is among the 10 Best Aerospace and Defense Stocks to Buy According to Billionaires. On March 19, Clear Street initiated coverage of the stock with a Buy rating and announced a share price target of $88.
According to a report on TipRanks, the firm’s analyst Greg Pandy highlighted Neutron, the company’s leadership in small-lift orbital launch, and its Space Systems as major drivers of revenue growth for the company and in reinforcing its status as a ‘leading integrated space operator’.
This follows Deutsche Bank’s adjustment earlier in the month on March 2, when analyst Edison Yu raised the price target on Rocket Lab Corporation to $73 from $55 and maintained a Buy rating. As of the close of business on March 20, the stock is a Moderate Buy with an average upside of 33%.
In other news, on Wednesday, the company announced it had secured a $190 million contract for 20 hypersonic test flights with its HASTE launch vehicle under the U.S. Department of War’s MACH-TB 2.0 program. This is the largest launch contract in the space firm’s history, taking its backlog for launch and space systems to over $2 billion.
Rocket Lab Corporation is a global leader in launch services and space systems with an established record of delivery success. The company designs and manufactures spacecraft and related components, rockets, and on-orbit management solutions required for the space economy.
READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 8 Best Drone Stocks to Buy for the Next 3 Years.
