Rocket Lab Stock Has 40% Upside, According to 1 Wall Street Analyst Firm [Yahoo! Finance]
Rocket Lab USA, Inc. (RKLB)
Company Research
Source: Yahoo! Finance
2% despite Rocket Lab reporting 69% sales growth in Q1 -- and predicting up to 77% growth in Q2! But one Wall Street analyst firm begs to differ. On Tuesday, investment bank Citigroup repeated its opinion that Rocket Lab stock is a buy. The banker did nudge its price target down to $5.45. But even this target implies Rocket Lab stock will (what else?) rocket 40% over the next year. Is Rocket Lab stock a buy? No stock is perfect, and Citi noted some caveats to its buy recommendation. Rocket Lab missed sales expectations in this week's report . "Several" rockets that Rocket Lab was expecting to launch in 2024 may not actually launch until 2025, the analyst also warned in a note on TheFly.com. But long term, Citi sees Rocket Lab accelerating the pace of its rocket launches, growing its revenue, and on a course to earn profits and generate positive cash flow. Precisely when Rocket Lab will turn profitable and free-cash-flow-positive remains to be seen. Most analysts think 2026 i
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RKLB
News
- Rocket Lab Stock Could Double, According to 1 Wall Street Analyst [Yahoo! Finance]Yahoo! Finance
- Rocket Lab USA First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Rocket Lab USA, Inc. (NASDAQ: RKLB) had its price target lowered by analysts at Citigroup Inc. from $6.00 to $5.45. They now have a "buy" rating on the stock.MarketBeat
- Rocket Lab USA, Inc. (NASDAQ:RKLB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Mynaric Selected by Rocket Lab for Space Development Agency's Tranche 2 Transport Layer - Beta Program [Yahoo! Finance]Yahoo! Finance
RKLB
Earnings
- 5/6/24 - Beat
RKLB
Sec Filings
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- 5/10/24 - Form S-8
- RKLB's page on the SEC website