RKLB news
On Reddit today, June 4, 2026, the r/RKLB community is buzzing over a fresh analyst update from Clear Street. Analyst Gregory Pendy has maintained a "Buy" rating on Rocket Lab while significantly raising the price target from $98 to $129. This bullish adjustment is being hailed as a major vote of confidence as the stock looks to recover from its recent dip to the $114 level. Pendy cites the company's robust $2.2 billion backlog and the accelerating momentum of the Space Systems division—which now accounts for roughly two--thirds of total revenue—as key drivers for the higher valuation. Investors are viewing this as a strong signal of stability amidst broader market volatility linked to the upcoming SpaceX IPO.