Roth/MKM Reiterates Buy Rating on Rocket Lab USA (RKLB), 'Successful Launch and Prelim 4Q23 Update'

Roth/MKM analyst Suji Desilva reiterated a Buy rating and $7.00 price target on Rocket Lab USA (NASDAQ: RKLB).

The analyst comments "RKLB provided preliminary 4Q23 results with launch revenue impacted by a launch postponement to 1Q24 but otherwise largely consistent with expectations. With the successful launch of its 43rd mission last week we regard RKLB’s launch pipeline as back on track and are encouraged by Space Systems' visibility from large award wins. Separately, RKLB successfully executed a convertible debt raise. We maintain our Buy rating."

For an analyst ratings summary and ratings history on Rocket Lab USA click here. For more ratings news on Rocket Lab USA click here.

Shares of Rocket Lab USA closed at $4.26 yesterday.

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