Rocket Lab Rises as Citi Starts Coverage with Buy Rating, $105 Target

Citigroup initiated coverage on Rocket Lab (RKLB) with a Buy rating and a $105 price target. Shares rose in pre-market trading after the announcement. Analyst John Godyn called Rocket Lab a “core holding for space bulls,” citing its established ability to provide regular commercial access to orbit with its Electron rocket.

Citi’s positive outlook reflects Rocket Lab’s vertical integration across launch services, spacecraft components, and other space technology. That breadth allows the company to serve multiple parts of the growing space economy.

The rating follows Rocket Lab’s announcement of its largest-ever commercial launch contract, with Earth observation company Synspective.