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@frostmourne 1 week ago

RKLB drops 11% after analyst price target comes in below current trading price

RKLB drops 11% after analyst price target comes in below current trading price

Rocket Lab (RKLB) fell 11% this morning despite some positive analyst coverage. Cantor Fitzgerald reiterated their overweight rating and highlighted the company's record revenue, successful launch history, and the upcoming reusable Neutron rocket. The drop seems to be about valuation. The stock ran up 61% over the last two weeks to around $118. Cantor's price target is only $96, so even the bullish analysts think it is currently overpriced.
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@ProduceCut309 1 week ago

RKLB’s story still looks strong long term, but after such a huge run the market is starting to question how much future growth is already priced in.

@AlexWalker 1 week ago

ran way too hot too fast and now even the bulls saying the stock got ahead of itself.