Roth MKM analyst Suji Desilva raised the firm’s price target on Rocket Lab (RKLB) to $25 from $7 and keeps a Buy rating on the shares. The company reported Q3 revenue ahead of consensus and guided Q4 ahead of consensus as well, reflecting steady launch and growing space systems’ contribution, the analyst tells investors in a research note. Investors will be encouraged by Rocket Lab securing its first Neutron customer ahead of a planned mid-2025 initial launch, the firm adds.
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Read More on RKLB:
- Rocket Lab price target raised to $22 from $15 at Stifel
- Rocket Lab price target raised to $13.50 from $5.25 at Wells Fargo
- Rocket Lab Posts Strong Revenue Growth in Q3 2024
- RKLB Earnings: Rocket Lab USA Stock Rises More Than 20% on Strong Revenue Growth
- Rocket Lab reports Q3 EPS (10c), consensus (11c)