Rocket Lab USA is trading 4.1% up today at $70.08 as the stock rebounds from a selloff tied to its planned Iridium Communications acquisition and a Neutral initiation from Piper Sandler.
- Investors are looking past initial concerns regarding deal-related dilution and bridge financing as the broader investment thesis highlights long-term upside.
- Despite recent volatility and the Neutral rating, analyst targets continue to point toward significant growth potential for the company.