Rocket Lab Stock Rises As Iridium Deal Sparks Positive Analyst Response

Rocket Lab Corp (NASDAQ: RKLB ) shares are moving higher Tuesday. Multiple analysts provided updates following the company’s Iridium acquisition announcement. Here’s what you should know. Rocket Lab stock is building positive momentum. What’s driving RKLB shares up? Needham Highlights Strategic Fit Needham analyst Ryan Koontz reiterated a Buy rating on Rocket Lab and kept a $120 price target after the end-to-end space company announced plans to acquire satellite communications provider Iridium in a cash and stock deal. Koontz described the deal as a significant step toward transforming Rocket Lab into a fully integrated space operator with its own launch and communications capabilities. He said Iridium adds a global L‑band network known for reliability, along with a profitable constellation of 60 satellites that support essential communications for enterprise and gov...