On Nov 14, major Wall Street analysts update their ratings for $Rocket Lab (RKLB.US)$, with price targets ranging from $22 to $30.
BofA Securities analyst Ronald Epstein maintains with a buy rating, and adjusts the target price from $10 to $30.
TD Cowen analyst Cai von Rumohr maintains with a buy rating, and adjusts the target price from $8 to $25.
Stifel analyst Erik Rasmussen maintains with a buy rating, and adjusts the target price from $15 to $22.
Roth MKM analyst Sujeeva De Silva maintains with a buy rating, and adjusts the target price from $7 to $25.
JMP Securities analyst Trevor J. Walsh maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Rocket Lab (RKLB.US)$'s main analysts recently are as follows:
Rocket Lab's progression in launch and spacecraft development is solidifying its position as a vital comprehensive space service provider. The company's advancement toward stronger free cash flow from Space Systems and Electron's profitability, coupled with reduced market risk and a more favorable beta as Neutron's risks diminish, supports the view of Rocket Lab becoming an important player in the space industry.
Rocket Lab reported revenue at the higher end of its guidance and a smaller than anticipated adjusted EBITDA loss. Significantly, the company secured their initial launch contract for its Neutron rocket, reinforcing confidence in their planned maiden test flight in mid-2025. This development indicates robust demand for a secondary launch provider in the market, following the industry leader.
Rocket Lab has received a multi-launch order for its Neutron vehicle, with the inaugural launch anticipated to take place in 2025.
Here are the latest investment ratings and price targets for $Rocket Lab (RKLB.US)$ from 5 analysts:
Note:
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