Rocket Lab USA Is Up 320% in 2024. Here's Why I'm Not Taking Profits.

The recent market rotation toward smaller companies has lifted many boats, but Rocket Lab USA's (NASDAQ: RKLB) performance stands out even in this environment. The space company's shares have rocketed 320% higher this year at the time of this writing, including a stunning 107% surge in the past 30 days alone. This momentum has pushed Rocket Lab's market capitalization above $11 billion, and the stock now trades 24% above Wall Street's consensus price target.