TD Cowen analyst Cai von Rumohr maintained a Buy rating on Rocket Lab USA (RKLB – Research Report) today and set a price target of $9.50. The company’s shares closed last Friday at $4.12.
von Rumohr covers the Technology sector, focusing on stocks such as Boeing, Spirit AeroSystems, and Textron. According to TipRanks, von Rumohr has an average return of 5.6% and a 58.06% success rate on recommended stocks.
Rocket Lab USA has an analyst consensus of Moderate Buy, with a price target consensus of $8.51, which is a 106.55% upside from current levels. In a report released on May 9, Bank of America Securities also maintained a Buy rating on the stock with a $13.00 price target.
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RKLB market cap is currently $1.97B and has a P/E ratio of -12.54.
Based on the recent corporate insider activity of 29 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RKLB in relation to earlier this year.
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Rocket Lab (NASDAQ:RKLB) is a space company offering launch services, spacecraft manufacturing, and other solutions, including the management of satellites. Furthermore, its space systems business manufactures spacecraft components.
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