Rocket Lab price target raised to $10 from $7 at Roth MKM

Roth MKM analyst Suji Desilva raised the firm’s price target on Rocket Lab to $10 from $7 and keeps a Buy rating on the shares. The company is targeting an end-to-end vendor position in the emerging space economy, the analyst tells investors in a research note. The firm adds that Rocket Lab continues to make healthy progress, with opportunity coming from ramping satellite programs in the second half of the year.