RKLB is trading at $69.52, up 3.08% in midday trading as the stock rebounds from a volatile week, supported by an 81% Buy/Strong Buy analyst consensus.
- Analysts maintain a $120 price target, implying 66% upside potential despite near-term uncertainty surrounding Neutron rocket development delays and recent testing setbacks.
- The stock's 162% year-to-date gain remains underpinned by a robust $500M+ launch backlog, which continues to bolster investor confidence.
- The recovery reflects modest broader market strength, with the S&P 500 up 0.06% as the tech sector stabilizes following recent concerns over AI-related margins.