Rocket Lab ($Rocket Lab USA, Inc.(RKLB)$ ) closed the week at $16.85. The stock seems to have absorbed some sector rotation pressure, building a base above the $15 - $16.50 support area.
Looking ahead, there's a case to be made based on a few catalysts. The Iridium acquisition, a major launch contract, a $190M defense backlog, and recent quarterly results showing record $200M revenue with a $2.2B backlog and over $2B in liquidity are often cited.
The view is that this could be a long-term hold. Some projections out there mention a 5-year target in the $400-$500 range, which frames the setup as having potential.
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