UPDATE: Cowen Starts Rocket Lab USA (RKLB) at Market Perform

September 13, 2021 5:56 AM EDT
Get Alerts RKLB Hot Sheet
Price: $4.62 --0%

Rating Summary:
    7 Buy, 1 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 4 | Down: 7 | New: 12
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(Updated - September 13, 2021 6:14 AM EDT)

Cowen analyst Cai von Rumohr initiates coverage on Rocket Lab USA (NASDAQ: RKLB) with a Market Perform rating and a price target of $18.00.

The analyst commented, "We’re initiating coverage of RKLB, the leading small satellite launch provider and consolidator of satellite components/services. Its small launch competitive advantages, attractive launcher expansion path, and end-to-end market strategy offer robust extended growth. We rate RKLB Market Perform with a PT of $18, a valuation comparable to space tourism leader Virgin Galactic."

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 $18.69 yesterday.

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