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Stock impact report

Rocket Lab analyst rethinks stock target after hitting record high [Yahoo! Finance]

Palantir Technologies Inc. - Class A (PLTR) 
Company Research Source: Yahoo! Finance
Year to date, the stock has more than tripled, up from some $25 to $77.55 as of Dec. 23's close. Over the same period, the S&P 500 index is up just 17%. This incredible surge reminds investors of Palantir 's ( PLTR ) performance, where the stock goes up and up as investors debate whether it is overrated. Now, Wall Street is resetting the goal for Rocket Lab stock. Rocket Lab's stock did not surge because of a single launch or headline. It climbed as investors revalue the company as an integrated space company, rather than just a rocket launcher. Rocket Lab was founded by Peter Beck in New Zealand in 2006. In 2013, the company set its headquarters in California. Related: Elon Musk desperately needs your money to blow up more rockets Rocket Lab shares benefit from more than rocket launches. Its space systems segment, which includes satellite components and spacecraft, gained increasing attention from investors. The segment's revenue has already surpassed rocket launches. Show less Read more
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