Roth MKM increased the value of the company price target on Rocket Lab (RKLB) from $25 to $30 and maintains a buy rating on the stock. The company believes that Neutron’s upcoming inaugural launch in mid-2025 will be “an important catalyst,” especially with the contract for the launch vehicle’s first prime customer recently secured. The company expects additional interest from customers given high demand and limited availability of medium-altitude launch vehicle capacity, the analyst added.
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