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Time Details
2025-05-28
12:13
Rocket Lab $RKLB Price Target Raised to $34 by Stifel After Geost Acquisition News

According to Stock Talk (@stocktalkweekly), Stifel has raised its price target for Rocket Lab USA ($RKLB) to $34 from $29 while maintaining a Buy rating. This upgrade follows Rocket Lab's announcement of an agreement to acquire Geost, LLC, a key player in electro-optical and infrared payload development. The acquisition is expected to strengthen Rocket Lab's position in the satellite technology sector, potentially driving institutional interest. For crypto traders, this signals increased crossover between space technology equities and blockchain projects focused on satellite data, with potential for tokenized asset integration and expanded use cases in decentralized data markets. (Source: Stock Talk @stocktalkweekly, May 28, 2025)

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