Rocket Lab USA (RKLB) PT Raised at KeyBanc; 'Incremental Visibility Post Catalina Space Mixer'

KeyBanc analyst Michael Leshock raised the price target on Rocket Lab USA (NASDAQ: RKLB) to $75.00 (from $50.00) while maintaining an Overweight rating.

The analyst commented: "Incremental Visibility Post Catalina Space Mixer; During last week's Catalina Space Mixer, we met with Peter Beck (CEO) and Adam Spice (CFO) and toured RKLB's Long Beach, CA, headquarters. We gained incremental visibility into the strong growth within its Space Systems segment and Archimedes engine production, and we believe RKLB is solidifying itself as a national security asset via its reliable access to space and hypersonics initiatives. RKLB's strong cash position supports its ongoing growth investments, potential M&A, and future space endeavors. Thus, we maintain our Overweight rating and increase our price target to $75 (from $50)."

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