🟢 ROCKET LAB CORPORATION CEDEAR E is trading 2.4% up as Stifel raises price target

ROCKET LAB CORPORATION CEDEAR E is trading 2.4% up today at $10.64, rebounding from recent heavy losses after a positive analyst action.

• Stifel reiterated a Buy rating and raised its price target on the stock to $132 from a previous $110.
• The brokerage cited the company's strong revenue momentum, expanding backlog, and increasing launch activity as key reasons for the upgrade.
• The stock is recovering from a sharp decline in late May and early June, which was partly attributed to sector-wide jitters related to the upcoming SpaceX IPO and a Blue Origin rocket failure.