Rocket Lab's Surge Amidst Market Volatility
Update: 2025-12-04
Description
Rocket Labs shares surged over five percent following a record third-quarter revenue of $155 million, beating expectations and showing a forty-eight percent increase from last year. Analysts maintained an Overweight rating and set a $72 price target, citing a $1.1 billion backlog and potential growth from government contracts. Despite this, the broader market experienced volatility due to a strong jobs report, reducing the chances of an interest rate cut in December. Rocket Labs shares closed the day up nearly seven percent, but overall market sentiment remained cautious.
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