5 Best American Defense Stocks To Buy According to Analysts

2. Rocket Lab USA, Inc. (NASDAQ:RKLB)

Average Analyst Share Price Target Upside: 104.79%

Average Analyst Share Price Target: $8.13

Rocket Lab USA, Inc. (NASDAQ:RKLB) is a rocket company headquartered in Long Beach California. It operates a small lift rocket called Electron, and the firm won a big defense contract worth $515 million in January 2024 to develop satellites for the Space Development Agency.

As of September 2023 end, 11 out of the 910 hedge funds tracked by Insider Monkey were Rocket Lab USA, Inc. (NASDAQ:RKLB) investors.

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