Cantor Fitzgerald analyst Andres Sheppard maintains $Rocket Lab (RKLB.US)$ with a buy rating, and adjusts the target price from $6 to $24.
According to TipRanks data, the analyst has a success rate of 37.0% and a total average return of -5.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Rocket Lab (RKLB.US)$'s main analysts recently are as follows:
Rocket Lab's progress in both launch and spacecraft development is propelling it toward its objective of being an essential provider covering all aspects of space. The improved outlook for the company is based on its stronger free cash flow projections from Space Systems and profitability from Electron, in addition to a reduced discount rate which takes into account decreased market risk and the company's position solidifying as a principal entity in the space sector.
Rocket Lab's recent financial performance showcased revenue at the upper end of their guidance, alongside an adjusted EBITDA loss that was more favorable than anticipated. A significant development for the company was securing their inaugural launch contract for the Neutron rocket, reinforcing confidence in their projected mid-2025 test flight. This milestone is indicative of the market's recognition of a robust secondary option for launch services in the industry.
Rocket Lab has secured an order for multiple launches on Neutron, maintaining a schedule for the initial launch in 2025.
Note:
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