Stifel Initiates Rocket Lab With Buy Rating – Read Why – Rocket Lab USA, Inc. – Common Stock (RKLB)

  • Stifel analyst Erik Rasmussen initiated Rocket Lab USA Inc (NASDAQ:RKLB) with a Purchase ranking and a value goal of $22, implying an upside of 43.5%.
  • Rasmussen says the small satellite tv for pc market “has exploded the previous few years” and sees Rocket Lab is well-positioned to capitalize and press its aggressive, first-mover benefits.
  • He views Rocket Lab devoted small launch “Electron” rocket being “a game-changer,” but in addition expects its medium launch “Neutron” rocket serving to fill the void for smallsat constellation deployments.
  • Lately, Rocket Lab secured a $24.35 million contract from the U.S. House Pressure’s House Techniques Command (SSC) to develop the Neutron launch car’s higher stage.
  • Worth Motion: RKLB shares are buying and selling larger by 4.41% at $15.3 on the final verify Thursday.

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