Why Rocket Lab Stock Is Soaring Higher Today | The Motley Fool

With the company's announcement that it had received an award worth as much as $800 million from the U.S. Space Development Agency to design and build satellites, Rocket Lab ( RKLB +9.97%) stock jetted into the weekend riding a wave of bullish enthusiasm. This weekend, however, provided its own sources of investor excitement: an auspicious company announcement and an analyst's optimistic view of the stock. As of 2:58 p.m. ET, shares of Rocket Lab are up 10.1%, retreating slightly from their earlier climb of 14%. Image source: Getty Images. A weekend update is fueling investors' buying activity today On Sunday, Rocket Lab announced a successful launch of its Electron rocket. With this most recent mission, Rocket Lab has recorded 21 successful Electron launches in 2025 -- a 100% mission success rate. For context, Rocket Lab reported 10 Electron launches in 2023 and 16 Electron launches in 2024, respectively. NASDAQ: RKLB Key Data Points An upwardly revised price target on Rocket Lab stock represents another catalyst for the stock's rise today. Boosting its price target to $85 from $75 yesterday, Stifel recognized the recent award from the U.S. Space Development Agency as "another meaningful win" for the company, according to thefly.com . Based on Rocket Lab's stock closing of $70.52 on Friday, the Stifel price target implies upside of 20.5%. Is it too late to hitch a ride with Rocket Lab stock? Ascending to an all-time high today, Rocket Lab's stock has risen more than 214% over the past year. Since the company remains unprofitable, traditional valuation metrics are not helpful in gauging the stock's price tag. Nonetheless, Rocket Lab is a leading option for those interested in exposure to the burgeoning space economy , and its shares could certainly rise higher . Since the company is still in its early stages of development, only investors with higher risk tolerances should consider investing in the company.

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