Needham Highlights Rocket Lab’s (RKLB) Shift to Major Defense Prime After Record $805M Satellite Award
Rocket Lab Corporation (NASDAQ:RKLB) is one of the best emerging technology stocks to invest in. On December 23, Needham raised the firm’s price target on Rocket Lab to 63, while maintaining a Buy rating on the shares. Following the Space Development Agency’s announcement of its Tracking Layer Tranche 3 contracts, Rocket Lab secured an $805 million award (the largest in the company’s history) to build 18 satellites. This milestone strongly validates Rocket Lab’s evolution into a major defense pri ...