Why Rocket Lab Stock Was Cruising Higher This Week

Over the past few days, Rocket Lab (NASDAQ: RKLB) stock has been taking off like a you-know-what.This comes on the heels of a new product announcement, the completion of an acquisition, and an analyst's bullish update. The combination of these positive factors was pushing the stock up by almost 22% week to date as of Thursday night, according to data compiled by S&P Global Market Intelligence.The first of those three developments occurred early on Monday, when pundit Andres Sheppard published his latest take on Rocket Lab stock. He reiterated his overweight (buy, in other words) recommendation and his $85-per-share price target. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool