Craig-Hallum Keeps Their Buy Rating on Rocket Lab USA (RKLB)

In a report released on May 22, Jeff Van Rhee from Craig-Hallum maintained a Buy rating on Rocket Lab USA. The company’s shares closed last Friday at $135.76.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

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According to TipRanks, Van Rhee is a 5-star analyst with an average return of 29.6% and a 50.72% success rate. Van Rhee covers the Technology sector, focusing on stocks such as Frequency Electronics, Cellebrite DI, and Fastly.

Currently, the analyst consensus on Rocket Lab USA is a Moderate Buy with an average price target of $100.36, representing a -26.08% downside. In a report released on May 12, Deutsche Bank also maintained a Buy rating on the stock with a $120.00 price target.

Based on Rocket Lab USA’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $200.35 million and a GAAP net loss of $45.02 million. In comparison, last year the company earned a revenue of $122.57 million and had a GAAP net loss of $60.62 million