Rocket Lab USA (RKLB) Reiterated at Overweight by Cantor Fitzgerald After 96th Launch
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Rating Summary:
20 Buy, 4 Hold, 1 Sell
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Up: 11 | Down: 17 | New: 13
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Cantor Fitzgerald analyst Andres Sheppard reiterated an Overweight rating and $122.00 price target on Rocket Lab USA (NASDAQ: RKLB).
The analyst commented, "Overall, we continue to view Rocket Lab's track record of successful space launches (heritage is a key differentiator), the portfolio of three different rocket types (Electron, Haste and Neutron), the customer diversification (Commercial and Government / domestic and international), and the dedicated launchpads in New Zealand and in the U.S., as material moats. We remain bullish, and we view this as a good entry point ahead of two material catalysts (Neutron first launch, and closing of Iridium acquisition)."
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 $64.57 yesterday.
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