Rocket Lab (RKLB) Gets a Major Upgrade; Could a New Space Race Be Taking Shape?

With market capitalization of $62.08 billion, Rocket Lab Corporation (NASDAQ:RKLB) is among the 10 Stocks That Could Double Over the Next 2 Years.

On June 14, KeyBanc upgraded Rocket Lab Corporation (NASDAQ:RKLB) to Overweight from Sector Weight and assigned a $135 price target, citing what it views as attractive opportunities emerging across the commercial space industry. The firm noted that investor sentiment toward the sector had weakened following the SpaceX initial public offering-related selloff, creating potential entry points in companies with strong competitive positions. KeyBanc highlighted accelerating NASA activity at a pace not seen since the Apollo era and emphasized that launch capacity remains structurally constrained despite rapidly expanding demand for satellites and space-based applications. The firm expressed a preference for well-capitalized space companies aligned with national security and NASA priorities, identifying Rocket Lab as one of its favored investments in the sector.

Earlier, on June 11, KGI Securities initiated coverage of Rocket Lab Corporation (NASDAQ:RKLB) with a Neutral rating and a $105 price target. While the firm adopted a more balanced stance on the shares, the initiation reflected growing institutional interest in the company as it continues to expand its capabilities across launch services, spacecraft systems, and satellite infrastructure.

Rocket Lab Corporation (NASDAQ:RKLB) is a space technology company headquartered in Long Beach, California, and founded in 2006. The company designs and manufactures rockets, spacecraft, and satellite components while providing dedicated launch services for small and medium-sized payloads.

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