Rocket Lab (RKLB) Gets 8% Boost From “Buy” Recommendation

Rocket Lab Corporation (NASDAQ:RKLB) is one of the 10 Stocks End Trading Week Soaring, Outshining Wall Street.

Rocket Lab jumped by 7.86 percent on Friday to close at $30.04 apiece as investors continued to load up positions following an investment firm’s higher price target for the company.

In its market note earlier this week, Cantor Fitzgerald raised its price target for Rocket Lab Corporation (NASDAQ:RKLB) to $35 from $29 previously, while reaffirming its “overweight” rating.

The revision was based on Rocket Lab Corporation’s (NASDAQ:RKLB) successful space launch track record which positions itself in the industry.

In other news, Rocket Lab Corporation (NASDAQ:RKLB) scrapped a planned launch of a mysterious satellite on Friday due to high winds.

Rocket Lab (RKLB) Gets 8% Boost From "Buy" Recommendation

A launch pad atop a grassy hill, smoke filled sky from a successful voyage to space.

“Standing down from today’s launch attempt due to upper level winds exceeding our launch criteria. Standby for the next launch opportunity in the coming days,” it said in a post on X.

While we acknowledge the potential of RKLB as an investment, 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 extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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