Rocket Lab stock soared on Monday after Wall Street analysts lifted their price targets, citing strong momentum in its launch and satellite business. As interest in space-based technologies and reusable rockets climbs, investors are paying closer attention to Rocket Lab’s rising value.
Citi Sees Sky-High Potential Through 2029
Leading the boost, Citi raised its price target on Rocket Lab (NASDAQ: RKLB) from $33 to $50. The bank maintained a Buy rating, underlining the company’s progress with its Neutron rocket and growing revenue streams from satellite services. Looking ahead to 2029, Citi expects Rocket Lab to generate approximately $2.6 billion in annual revenue.
Citi’s revised projections also factor in $50 million annually from Geost, a company Rocket Lab plans to acquire in the second half of 2025. In addition, multiple Neutron rocket launches and upcoming U.S. government contracts are expected to fuel long-term gains.
More Analyst Optimism Builds Momentum
Other analysts joined the chorus. Cantor Fitzgerald reaffirmed an Overweight rating and maintained a $35 target, spotlighting Rocket Lab’s ten successful Electron launches this year alone. Meanwhile, KeyBanc bumped its target to $40, pointing to growth across both launch and space systems segments.
These endorsements reinforce confidence in Rocket Lab’s ability to expand its market position, especially as space missions become more frequent and essential to data-driven industries like AI.
Big Plans for Ocean Recovery and Reusability
Rocket Lab isn’t just focused on space. The company aims to recover its Neutron rocket via ocean landing by early 2026. To support this, it has partnered with Bollinger Shipyards to build a specialized landing platform. This move aligns with the broader industry shift toward reusable rockets, promising both cost savings and sustainability.
Positioned to Lead in Satellite and Launch Demand
Rocket Lab’s dual focus—affordable launch services and next-gen satellite solutions—positions it well in an increasingly crowded aerospace landscape. As demand grows for AI-ready satellite data and consistent launch windows, Rocket Lab seems ready to deliver.
Backed by analyst support, technological innovation, and government contracts, the company may be on track to outpace expectations in the coming years.
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