Why Rocket Lab Stock Is Climbing Today

July 14 - Rocket Lab USA RKLB shares jumped about 10% Monday after Citi raised its price target to $50 from $33, keeping a Buy rating, according to a Monday note.

Citi said its new target reflects progress on the Neutron rocket and growth in its satellite services business. The bank now looks to 2029 for valuation, expecting Rocket Lab to pull in roughly $2.6 billion in revenue by then.

The updated model also includes about $50 million in annual revenue from Geost, which is set to close in the second half of 2025. Citi pointed to multiple Neutron flights and U.S. government contracts as drivers of upside.

Cantor Fitzgerald stuck with an Overweight rating and a $35 target, highlighting ten successful Electron launches this year. KeyBanc lifted its target to $40, citing gains in both launch services and space systems.

An ocean landing on Neutron is planned in early 2026 and Rocket Lab has contracted Bollinger Shipyards to construct the landing platform.

Its reusable rockets, increasing satellite activity, and analyst support place RocketLab in a good position to meet increasing demands for launch and AI-available satellite services.