Stifel Sees Significant Upside For Rocket Lab, Initiates Coverage With Buy Rating

September 30, 2021 10:39 AM | 1 min read |

Stifel analyst Erik Rasmussen initiated Rocket Lab USA Inc RKLB with a Buy rating and a price target of $22, implying an upside of 43.5%.
Rasmussen says the small satellite market "has exploded the past few years" and sees Rocket Lab is well-positioned to capitalize and press its competitive, first-mover advantages.
He views Rocket Lab dedicated small launch "Electron" rocket being "a game-changer," but also expects its medium launch "Neutron" rocket helping fill the void for smallsat constellation deployments.
Recently, Rocket Lab secured a $24.35 million contract from the U.S. Space Force's Space Systems Command (SSC) to develop the Neutron launch vehicle's upper stage.
Price Action: RKLB shares are trading higher by 4.41% at $15.3 on the last check Thursday.