Movement Alert|Rocket Lab Rises 3.49% in Regular Trading, KeyBanc Upgrades to Overweight with $135 Target Amid Nasdaq-100 Inclusion

Market Focus
Jun 17

On June 17, Rocket Lab USA rose 3.49% in regular trading, trading at $107.62/share, with turnover of $469 million.

On the news front, KeyBanc recently upgraded Rocket Lab from Sector Weight to Overweight with a price target of $135, citing the SpaceX IPO-triggered sector pullback as a short-term technical pressure rather than fundamental deterioration. The analyst views Rocket Lab as the most credible challenger to SpaceX in commercial launch, noting its Electron rocket has completed approximately 90 successful missions and its next-generation Neutron medium-lift vehicle development is back on track. The company's backlog exceeded $2.2 billion as of Q1.

Additionally, Rocket Lab is set to officially join the Nasdaq-100 Index on June 22, placing it among the 100 largest non-financial companies on Nasdaq. With over 200 investment products tracking the index representing more than $800 billion in assets, the inclusion is expected to drive meaningful passive fund buying. The stock had previously dropped over 7% on June 12 due to capital diversion effects from SpaceX's record $75 billion IPO, and is now in a recovery phase.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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