Cathie Wood Just Bet $45 Million on This Beaten-Down Space Stock. Wall Street Sees 70% Upside.
Renowned investor Cathie Wood made a significant investment of more than $45 million in Rocket Lab (RKLB), increasing her stake by over 700,000 shares in the space company. This substantial purchase marks one of Wood's biggest disclosed additions by value in 2026, placing Rocket Lab among her top bullish picks amid the stock's recent struggles.
The investment signals Wood's confidence in Rocket Lab's long-term potential, despite recent setbacks such as rocket delays, competition from competitors like Blue Origin, and broader market pressure on growth stocks. Analysts from Berenberg, Cantor Fitzgerald, KeyBanc, Needham, and JMP Securities view Rocket Lab as a strong buy with an average price target of roughly 73% upside from current levels.
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