Rocket Lab (NASDAQ: RKLB) Draws Hedge Fund Interest As Analysts Raise Price Targets, Upgrade Rating

Rocket Lab (NASDAQ: RKLB) Draws Hedge Fund Interest As Analysts Raise Price Targets, Upgrade Rating

Rocket Lab Corporation (NASDAQ: RKLB) has attracted stakes from 45 hedge funds, placing it among the top space stocks gaining traction on Reddit and social media platforms. On May 8, TD Cowen raised its price target on Rocket Lab Corporation (NASDAQ: RKLB) to $120 from $90, while maintaining a Buy rating on the shares. On the same day, the stock surged 25.5%, or $20.03, to $98.61, following strong investor reaction to the company’s results and o…