Overview
- Baird’s Peter Arment initiated coverage with an Outperform rating and an $83 price target on Thursday.
- Rocket Lab shares fell 3.72% to $66.62 in afternoon trading, according to Benzinga Pro, as the S&P 500 and Nasdaq moved lower.
- The company completed its “Owl New World” mission this week, marking its 15th successful launch of 2025 as part of an expanded 21-launch agreement with Synspective.
- Technical readings showed the stock well above its 50- and 200-day moving averages, with an RSI near 74.9 indicating overbought conditions.
- Benzinga Edge assigned a Momentum score of 98.69, and the firm continues to target more than 20 missions in 2025 with recent Japan-focused agreements that include JAXA.