Rocket Lab Is Down 57% From Its Peak While Analysts See 49% Upside. Who Has It Right?
Spoiler alert: Analysts may be seeing this one more clearly.
Overview
Rocket Lab (NASDAQ: RKLB) stock isn't for the faint of heart. Its share price has fallen 57% from its all-time high of $151 back in June. Still, analysts' average price target for the stock is $111.31 -- a 49% increase as of this writing.
So, are the analysts right about Rocket Lab, or are investors seeing things clearly? I think analysts might be on to something. Here's why.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.