Deutsche Bank Initiates Rocket Lab USA With Buy, Sees Upside Of 17%

Deutsche Bank analyst Edison Yu initiated Rocket Lab USA Inc RKLB with a Buy rating and a price target of $18, implying an upside of 17.5%.
Yu views Rocket Lab as the "highest quality space asset to enter the public market so far." The company has established itself as a reliable small rocket launcher and has garnered "strong momentum" in satellite buses and related components, enabling access to space in multiple ways.
The analyst anticipates share price volatility in the near term as the S-1 PIPE registration should occur by September 22.
Recently, the company was initiated at Cowen & Co. with a Market Perform rating and a Price Target of $18, implying an upside of 17.5%; and at Canaccord Genuity with Buy Rating and a Price Target of $30, implying an upside of 95.8%.
Price Action: RKLB shares are trading lower by 2.39% at $15.51 on the last check on Thursday.

Analyst Calendar