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Rocket Lab (NASDAQ: RKLB) just scored…
A new BUY recommendation and $50 price target from Citi.
That’s why I’m buying shares of the next space stock IPO – BEFORE it starts trading on the Nasdaq.
This is the final investment round before the Initial Public Offering. And the deal is already 86% full.
That means it would be completely closed to new investors in a few short days.
Citi Raises RKLB Price Target to $55
Analysts at Citi issued a new report on Rocket Lab on July 14.
Citi maintains its BUY rating.
The share price target is increased from $33 to $55.
RKLB has been a huge winner. Shares have rallied from under $6 to over $43 in the last 12-months.
Is THIS the Next 655% Space Stock Winner?
Analysts at Citi expect RKLB revenues will grow to $2.6 billion by 2029.
Consensus estimates say sales will grow from under $600 million in 2025 – to $2.2 billion in 2029.
Either way – you’re looking at a +400% increase in the next few years.
The outlook from Citi appears to be among the most bullish estimates.
It clearly surprised investors. Shares of RKLB jumped 10.7% after Citi released its report.
If you’ve missed out on Rocket Lab…
You’ll definitely want to check out this upcoming space launch IPO.
It’s expected to start trading on NASDAQ in September or October. And my estimates suggest shares could soar 457%.
Simply click here to get urgent instructions.
Ian Wyatt
P.S. this is the FINAL financing before the stock starts trading. And it’s already 86% full and could be closed within days.