Rocket Lab USA: Space Launch Business To Drive Operational Leverage
Rocket Lab USA: Space Launch Business To Drive Operational Leverage
Rocket Lab USA Inc (NASDAQ:RKLB) shares tanked in early trading on Tuesday, just days after the company announced the window for its 50th Electron launch.
Rocket Lab美國股份有限公司（納斯達克：RKLB）的股價在上週宣佈第50次電子火箭發射窗口期後的早盤交易中大幅下跌。
The company is poised to benefit from operating leverage as its launch business scales, while it continues to grow its products, according to Goldman Sachs.
高盛稱，隨着其發射業務規模的擴大，公司將從運營槓桿中受益，同時還將繼續發展其產品。
The Rocket Lab USA Analyst: Noah Poponak initiated coverage of Rocket Lab USA with a Neutral rating and price target of $4.50.
Rocket Lab美國股票的分析師Noah Poponak評級爲中立，目標價爲4.50美元。
The Rocket Lab USA Thesis: The company has become a market leader in dedicated launch to space, although this area has "inherent risk, given it is cost intensive and episodic," Poponak said in the initiation note.
在評級報告中，Poponak稱，公司已成爲太空專用發射的市場領導者，儘管該領域具有“固有風險，因爲它成本高昂而且季節性強”。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
The company's products business "has grown faster than expected, creating a recurring revenue and high margin segment," the analyst wrote.
分析師寫道，公司的產品業務“增長速度超出預期，創造了一種循環收入和高利潤的業務板塊。”
"RKLB is currently EBITDA and free cash flow negative, in an investment cycle with Neutron, and the level of, and path to, future profitability has uncertainty," Poponak stated. He added, however, that margin expansion and positive cash flow generation should be driven by "innovation in propulsion, composites, and reusability" going ahead.
“RKLB目前的EBITDA和自由現金流處於負增長階段，正處於Neutron投資週期中，未來的盈利能力水平和路徑存在不確定性。” Poponak表示。不過，他補充說，推動利潤率擴張和正現金流生成的因素應包括推動“推進系統、複合材料和再利用的創新”等方面。
RKLB Price Action: Shares of Rocket Lab USA had declined by 2.85% to $4.43 at the time of publication on Tuesday.
Rocket Lab美國股份有限公司的股價在週二發佈時下跌了2.85％至4.43美元。
Photo: Courtesy of Rocket Lab
圖片來源：Rocket Lab
譯文內容由第三人軟體翻譯。