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Barchart
Wajeeh Khan

Rocket Lab Stock Just Scored a New Bullish Rating

Rocket Lab Brian Gesuale RKLB Raymond James

Rocket Lab (RKLB) shares are inching higher on Friday morning after Raymond James analyst Brian Gesuale issued a bullish note in favor of the space infrastructure company. Gesuale assumed coverage of RKLB today with an “Outperform” rating and an $80 price objective, which signals potential upside of more than 25% from current levels.

His bullish call suggests Rocket Lab stock is poised to reclaim some of its recent losses. As of this writing, it’s down more than 55% versus its year-to-date high.

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