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Rocket Lab stock rises 7% as Cantor Fitzgerald reiterates $122 target on launch success.

Market News
21 Sep 2026
24/7 Wall Street
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Bullish
Rocket Lab stock rises 7% as Cantor Fitzgerald reiterates $122 target on launch success.

Rocket Lab shares climbed 7% following Cantor Fitzgerald's reaffirmation of an Overweight rating and a $122 price target, citing the company's strong launch record and diverse customer base. The stock's rise comes amid gains in other space sector stocks like Intuitive Machines and AST SpaceMobile, despite no new catalysts for those peers. Cantor's bullish case hinges on upcoming events like the debut flight of the Neutron rocket and the closing of the Iridium Communications acquisition, though no timelines are set. Investors are advised to watch if the space sector maintains its gains and to consider the timing uncertainties before increasing exposure to Rocket Lab.

Rocket Lab (RKLB) trades at USD 69.67 on Pluang, up 7.91% as of Sep 21, 2026 22:51 WIB. Intuitive Machines (LUNR) also gained, rising 12.14% to USD 15.61. AST SpaceMobile (ASTS) increased 5.45% to USD 61.71, showing strong interest in space sector stocks on Pluang.

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