Rocket Lab (RKLB) Stock Update
Rocket Lab shares are trading marginally higher Friday morning as investors digest a recent bullish analyst report and operational achievements.
Key Points
- KeyBanc analyst Michael Leshock reiterated an Overweight rating on the stock, raising the price target to $75 from $50.
- Leshock forecasts 30% year-over-year growth for its Space Systems segment in 2025.
- The company is making progress on the Neutron rocket and strengthening its position as a national security asset.
“multiple avenues for significant upside”
Rocket Lab has completed a key Systems Integration Review for the LOXSAT mission for NASA and Eta Space, bolstering optimism.
Author's summary: Rocket Lab shares rise after bullish analyst report.