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Rocket Lab Stock Drops After Q2 Earnings, but Citizens Sees 62% Upside
['Lilly Mwogah', 'Content Writer', 'Finance Analyst', 'Lilly Mwogah Is A Market Analyst', 'Financial Writer Covering Global Financial Markets', 'With A Focus On Cryptocurrencies', 'Fx', 'Equities', 'Gold', 'Macroeconomic Developments. Her Work Centers On Research-Driven Market News']
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Citizens reiterated its Market Outperform rating and $130 Rocket Lab stock price target, suggesting substantial upside from Monday's $80.04 close.
Investors instead focused on what that growth is costing Rocket Lab and whether its much-anticipated Neutron rocket can begin flying on schedule.
Why Is Rocket Lab Stock Falling After Q2 Earnings?
Rocket Lab’s Neutron Rocket Is Becoming the Main RKLB Stock CatalystNeutron remains the most important piece of the Rocket Lab investment story.
Citizens Keeps $130 Rocket Lab Stock Price TargetDespite those concerns, Citizens remains firmly bullish on Rocket Lab.