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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 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 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 progress with its Neutron rocket development, coupled with the growth in its satellite systems business.

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 announced that it would release the results of its second quarter financial and operating performance on August 7, 2025.

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This article is originally published at Insider Monkey.