Rocket Lab price target raised to $29 from $27 at Stifel

Stifel raised the firm’s price target on Rocket Lab (RKLB) to $29 from $27 and keeps a Buy rating on the shares. The firm notes Rocket Lab reported a solid quarter with revenue towards the high end of guidance, while delivering better-than-expected adjusted EBITDA loss. Guidance for Q2 sees a resumption of growth, and is a precursor to a stronger second half of the year, Stifel argues.