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 Takeaways
- KeyBanc analyst Michael Leshock reiterated an Overweight rating on the stock, raising the price target to $75 from $50.
- Leshock forecasted 30% year-over-year growth for its Space Systems segment in 2025 and noted progress on the Neutron rocket.
- The analyst highlighted the company's strengthening position as a national security asset following a meeting with CEO Peter Beck.
Multiple avenues for significant upside
Rocket Lab's announcement that it has completed a key Systems Integration Review for the LOXSAT mission for NASA and Eta Space also contributed to the optimism.
Author's summary: Rocket Lab shares rise on bullish report.
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