Rocket Lab (RKLB) stock is surging, currently up +5.49%, following a positive analyst sentiment shift reported over the weekend that moved the rating out of "Sell" territory.
- Wall Street Zen upgraded RKLB from a "Sell" rating to a "Hold" rating in a research report published on Sunday.
- The positive movement is supported by investor confidence stemming from the company's previously secured $816 million defense contract with the U.S. Space Development Agency.
- The stock is currently trading at $76.29.