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Wajeeh Khan

EXPLAINED: Citi just upgraded rocket lab stock heres why | Rare Historical Photos

Rocket Lab Citi RKLB Electron Synspective

Citi’s senior analyst John Godyn believes Rocket Lab (RKLB) shares have now bottomed and are poised for meaningful recovery through the remainder of 2026. On Thursday morning, Godyn upgraded RKLB to “Buy” and assigned a $105 price target to the launch service provider, indicating potential upside of more than 40% from here.

His bullish call brings a much-needed reprieve to Rocket Lab stock, which is currently trading at less than half of its price in late May.

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