Rocket Lab USA, Inc. (RKLB) is experiencing a positive movement in its stock price today, driven by a recent upgrade in its price objective by The Goldman Sachs Group. The investment bank increased its target price for Rocket Lab from $12.00 to $13.50, maintaining a neutral rating on the stock. This follows a series of positive evaluations from other research firms, including Stifel Nicolaus, which raised its target price to $31.00 earlier this month. The consensus among analysts is a "Moderate Buy," with an average target price of $18.61, reflecting growing confidence in Rocket Lab's market position and future prospects.
The stock opened at $25.10 and is currently trading at $24.90, marking a 1.05% increase from the previous close of $24.64. Despite being just over 30 minutes into the trading day, the volume is relatively low at 2,860,508 shares, representing only 13.60% of the average daily volume of 21,038,975 shares.