Wells Fargo lowered the firm’s price target on Rocket Lab to $5 from $6 and keeps an Equal Weight rating on the shares. Neutron development enters its final stretch in 2024, while Space Systems should see growth on recent wins, the firm notes. Further M&A looks likely near term, likely a positive given management’s prior track record, Wells adds.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RKLB:
- Rocket Lab Usa, Inc. Reports Earnings: Did it Beat Estimate Forecasts?
- Is RKLB a Buy, Before Earnings?
- Rocket Lab to launch NRO mission from Wallops, Virginia
- Trinity Capital provides $120M equipment financing to Rocket Lab
- Unusually active option classes on open February 15th
Questions or Comments about the article? Write to editor@tipranks.com