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Rocket Lab price target raised to $75 from $60 at Roth Capital

Roth Capital analyst Suji Desilva raised the firm’s price target on Rocket Lab (RKLB) to $75 from $60 and keeps a Buy rating on the shares post the Q3 report. The company reported stronger margins and a growing backlog, the analyst tells investors in a research note. Roth believes Rocket Lab has seen a “very minor” government shutdown impact and continues to be active on government programs.

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