Why Rocket Lab Stock Popped, Then Dropped Today
Rocket Lab (NASDAQ: RKLB) stock is taking investors on another roller-coaster ride Monday morning. First spiking past 7% in the opening minutes, the stock began losing steam almost immediately, falling into the red before 10 a.m. before finding its footing and rising again.
As of 10:45 a.m. ET, Rocket Lab stock is up 2%.
Investors enjoying today's ride can thank two investment banks, Morgan Stanley and Citigroup, for their good fortune. Reports show that this morning, Morgan Stanley analyst Kristine Liwag nearly tripled her price target on Rocket Lab stock to $18 a share, while Citigroup's Jason Gursky raised his target from $13 to $22.
Source Fool.com
Citigroup Inc. Stock
€66.12
-2.230%
The stock is an absolute favorite of our community with 33 Buy predictions and no Sell predictions.
With a target price of 77 € there is a slightly positive potential of 16.45% for Citigroup Inc. compared to the current price of 66.12 €.
