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Needham Reiterates Buy on Rocket Lab (RKLB) with $55 Price Target

Rocket Lab Corp. (NASDAQ:RKLB) is one of the best stocks for day trading. The stock currently trades near the top of its 52-week range of $6.20-$53.40, and is another name on our list with high volatility, with an average daily trading range of around 9%.

Rocket Lab Corp.’s (NASDAQ:RKLB) stock has already delivered exceptional gains, climbing 675% over the past year and more than 87% year-to-date.

Pixabay/Public Domain

On September 3, Needham’s Ryan Koontz reiterated a Buy rating on Rocket Lab Corp. (NASDAQ:RKLB) with a $55 price target. The analyst highlighted the opening of Launch Complex 3 at Wallops Island, Virginia, as an important milestone that paves the way for the company’s Neutron rocket program.

Koontz said the new facility gives Rocket Lab Corp. (NASDAQ:RKLB) a stronger footing against rivals like SpaceX, with management aiming to launch Neutron by late 2025. Company leaders, employees, and local officials have all expressed confidence in meeting that target. The analyst believes that, backed by a solid track record in launch services, Rocket Lab Corp. (NASDAQ:RKLB) appears well placed to capture additional market share as it expands into the medium-lift segment.

Rocket Lab Corp. (NASDAQ:RKLB) is an end-to-end space company that provides launch services, spacecraft design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions.

While we acknowledge the potential of RKLB to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than RKLB and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 15 Best Multibagger Stocks to Invest in Right Now and 10 Best High Beta Stocks To Buy Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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In fact, Verge argues this company’s supercheap AI technology should concern rivals.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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