Cantor Fitzgerald analyst Andres Sheppard maintains $Rocket Lab (RKLB.US)$ with a buy rating, and adjusts the target price from $6 to $24.
According to TipRanks data, the analyst has a success rate of 37.0% and a total average return of -5.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Rocket Lab (RKLB.US)$'s main analysts recently are as follows:
Rocket Lab's advancements in both launch and spacecraft development are solidifying its objective to be an essential end-to-end space provider. The improved projections are based on the anticipation of stronger free cash flow due to profitability in Space Systems and the Electron platform, along with a lower discount rate that acknowledges reduced market risk and volatility as the company progresses with Neutron and cements its status as a primary player in the space sector.
Rocket Lab's recent financial performance showcased revenue at the upper end of their guidance, alongside an adjusted EBITDA loss that was more favorable than anticipated. A significant development for the company was securing their inaugural launch contract for the Neutron rocket, reinforcing confidence in their projected mid-2025 test flight. This milestone is indicative of the market's recognition of a robust secondary option for launch services in the industry.
Rocket Lab has secured an order for multiple launches on Neutron, maintaining a schedule for the initial launch in 2025.
Note:
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