KeyBanc analyst Mike Leschock raised the firm’s price target on Rocket Lab to $11 from $8 and keeps an Overweight rating on the shares. The firm hosted a non-deal roadshow with the company and came away with increased confidence in the company’s ability to scale its business, and the firm continues to believe it is positioning itself to be an industry leader in both launch services and satellite manufacturing and design, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RKLB:
- Rocket Lab completes testing, integration of Pioneer spacecraft for Varda
- Rocket Lab management to meet virtually with KeyBanc
- Rocket Lab USA call volume above normal and directionally bullish
- Michael Griffin Retires from Rocket Lab USA Board
- Roku upgraded, Micron downgraded: Wall Street’s top analyst calls