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Rocket Lab Stock Rises 2.7% on Bullish Analyst Ratings

Rocket Lab USA, Inc. (RKLB) is experiencing a positive movement today, bolstered by a consensus rating of "Moderate Buy" from twelve brokerages. This rating includes six buy recommendations and one strong buy, reflecting a generally optimistic outlook from analysts. The average price target of $6.00 suggests a potential upside of 20% from the previous close, which may be contributing to the stock's upward momentum.

The stock is currently trading at $29.52, up 2.71% from the previous close of $28.74. Despite being just 30 minutes into the trading day, the stock has already seen a volume of 4,827,608 shares, which is 23.51% of the average daily volume of 20,536,606 shares, indicating a relatively active start to the day.