Many investors may have lost patience with Rocket Lab (NASDAQ: RKLB) after the stock tumbled nearly 50% from its 52-week high, but Wall Street hasn’t flinched. Analysts remain as bullish as ever, and despite the sharp correction, the stock never broke below its 200-day SMA.
It’s also important to remember that this is a stock still up more than 90% year-to-date and over 1000% in the past three years. When a mid-cap space company name posts returns like that, deep pullbacks come with the territory. What matters is that analysts haven’t wavered on the long-term story. In fact, they are leaning in further. The question now is whether investors should share their conviction.
