Rocket Lab (RKLB) Jumps 10.7% on Citi’s Higher Price Target, Buy Reco

We recently published Market on Mute? Not for These 10 Stocks With Surprising Gains. Rocket Lab Corporation (NASDAQ:RKLB) is one of Monday’s top performers.

Rocket Lab saw its share prices increase by 10.71 percent on Monday to close at $43.21 apiece after earning a higher price target from an investment company.

In a market note, Citi raised its price target for Rocket Lab Corporation (NASDAQ:RKLB) to $50 from $33 previously, marking a 15.7 percent upside from its latest closing price. Citi also reaffirmed its “buy” recommendation for its stock.

According to the investment firm, the rating reflected Rocket Lab Corporation’s (NASDAQ:RKLB) progress with its Neutron rocket development, coupled with the growth in its satellite systems business.

Rocket Lab (RKLB) Jumps 10.7% on Citi's Higher Price Target, Buy Reco

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

Additionally, Citi cited the company’s revenue potential over the next four years, projecting as much as $2.6 billion in revenues driven by 20 Neutron launches, to be supported by additional satellite construction contracts for US government programs.

In other news, Rocket Lab Corporation (NASDAQ:RKLB) announced that it would release the results of its second quarter financial and operating performance on August 7, 2025.

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