Rocket Lab successfully launches two missions to space in less than 24 hours from two pads in two different hemispheres, setting new company record.

If you own Rocket Lab stock, you can thank the friendly analysts at Roth MKM for that, because Roth raised its price target on buy-rated Rocket Lab this morning. Roth MKM predicts Rocket Lab shares -- which cost just a bit over $23 a share right now -- will rise a further 29% to hit $30 a share within a year.

In a post-earnings conference call with analysts, Rocket Lab CFO Adam Spice predicted Rocket Lab will only launch Neutron one time in 2025, a test launch. After that, the company will ramp up Neutron's commercial cadence slowly, launching three times in 2026, and five times in 2027.

Over the past year, space technology provider Rocket Lab (RKLB) has skyrocketed beyond expectations, with shares soaring 357% to a market

Coming into Friday trading, shares of space startup Rocket Lab were up 53% since its Nov. 12 third quarter earnings report, 90% since the Nov. 5 election, and 305% year to date.

Rocket Lab, and the company's future looks bright. While Rocket Lab's progress is impressive, recent trends in the stock price may suggest that investors are a bit too optimistic. Shares of Rocket Lab USA are entering a new stratosphere.