TD Cowen analyst Cai von Rumohr maintains $Rocket Lab (RKLB.US)$ with a buy rating, and adjusts the target price from $8 to $25.
According to TipRanks data, the analyst has a success rate of 64.2% and a total average return of 10.9% 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 reported revenues that met the upper end of their projected range, accompanied by an adjusted EBITDA loss that was more favorable than anticipated. Notably, the company secured their inaugural launch contract for the Neutron rocket, which bolsters confidence in their projected timeline to conduct the first test flight by mid-2025. This development indicates robust demand for a secondary leader in the launch sector, positioned behind the market leader.
Rocket Lab has been recognized for securing a multi-launch agreement for its Neutron initiative, with the inaugural launch anticipated to occur in 2025.
Note:
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