Rocket Lab price target raised to $13 from $7 at Citi

Citi raised the firm’s price target on Rocket Lab (RKLB) to $13 from $7 and keeps a Buy rating on the shares. The firm cites the company’s intention to enter the space-based services market over time, which it believes adds another leg to its business model and likely accelerates revenue growth in the years ahead, for the target increase.