Rocket Lab price target raised to $30 from $25 at Roth MKM

Roth MKM raised the firm’s price target on Rocket Lab (RKLB) to $30 from $25 and keeps a Buy rating on the shares. The firm believes the pending Neutron inaugural launch in mid-2025 will represent “a significant catalyst,” particularly with the recent securing of the launch vehicle’s first lead customer contract. The firm expects additional customer interest given the high demand and limited availability of medium-lift launch vehicle capacity, the analyst added.