Rocket Lab (RKLB) stock surged higher on Monday after the launch services and space systems solutions company received praise from Jim Cramer. He called it “one of the hottest stocks in the universe” during CNBC’s Mad Money Lightning Round.
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Rocket Lab stock also received updated coverage from Citi analysts. The firm’s analysts maintained a Buy rating for RKLB stock and increased their price target to $50 from $33, suggesting a possible 18.7% upside for the shares.
The increased price target for RKLB stock came alongside a preview of the aerospace and defense sector’s Q2 earnings. According to the Citi analysts, this market has experienced strong momentum recently and they expect this trend to continue.
Rocket Lab Stock Movement Today
Rocket Lab stock was up 8.43% on Monday morning alongside the praise from Cramer and the increased Citi price target. This extended the company’s recent rally, which included a year-to-date increase of 66.16%. Investors who have held RKLB stock over the past 12 months have seen their shares increase in value by 582.34%.
Additional catalysts are on the horizon for Rocket Lab stock. The company will likely release its Q2 2025 earnings report on Aug. 7, 2025. Wall Street expects the space company to report adjusted earnings per share of -9 cents alongside $134.4 million in revenue. Its chances of beating these estimates are mixed based on data from its previous eight quarters.
Is Rocket Lab Stock a Buy, Sell, or Hold?
Turning to Wall Street, the analysts’ consensus rating for Rocket Lab is Moderate Buy, based on eight Buy and three Hold ratings over the past three months. With that comes an average RKLB stock price target of $32, representing a potential 23.72% downside for the shares.
