Reported 2 days ago
Citi has upgraded Rocket Lab USA Inc.'s price target from $33 to $50, citing positive developments in its Neutron rocket program and expanding satellite services. Analyst Jason Gursky maintains a Buy rating, projecting significant revenue growth, supported by U.S. government contracts and a potential $50 million in recurring revenue from an upcoming acquisition. Rocket Lab's focus on small, agile rockets fits well with current market needs, positioning it as a strong player in the space industry.
Source: YAHOO