KeyBanc Raises Rocket Lab Price Target to $12 from $11
KeyBanc analyst Mike Leschock raised the firm’s price target on Rocket Lab to $12 from $11 and keeps an Overweight rating on the shares as part of a broader research note on the Aerospace sector.
Rocket Lab shares jumped 10.5% in morning trading.
The firm notes slowing order rates and the onset of inventory accumulation following “nearly unabated” positive momentum over the last three years.
Keybanc adds however that it is “confident” on the prolonged tightness within the Aerospace and Defense aftermarket and strength in Space & Defense sector.
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