Rocket Lab Corporation (NASDAQ:RKLB) is trading higher after Keybanc analyst Michael Leshock upgraded its rating from Sector Weight to Overweight and set a $135 price forecast.

Details

The analyst highlighted a constructive setup for the space sector following SPCX IPO-related volatility, noting that NASA activity is accelerating at levels last seen during the Apollo era.

KeyBanc continues to prefer well-capitalized space companies with differentiated growth drivers linked to NASA programs, national security, and broader space ecosystem expansion.

For Rocket Lab, the analyst sees it as a leading challenger in the sector with strong long-term growth potential.

The company has completed ~90 successful Electron launches, while its Neutron rocket remains on track for its debut after resolving prior testing issues and advancing key development milestones.

Rocket Lab's backlog exceeds $2.2 billion, providing strong near-term ...