Currently, most Wall Street analysts covering Rocket Lab stock are bullish on the launch services and space company’s growth prospects. Let’s look at the views of some of the Wall Street analysts on RKLB stock.
Analysts’ Views on Rocket Lab Stock
Earlier this week, KeyBanc analyst Michael Leshock upgraded Rocket Lab stock to Buy from Hold with a Street-high price target of $135, saying “RKLB is the clear #2” to SpaceX. The 5-star analyst believes in the company’s ability to deliver a “similar growth trajectory to SPCX over time.” Leshock thinks that the selloff following SpaceX’s Nasdaq debut presents “compelling” buying opportunities in the space sector. He also upgraded Firefly Aerospace (FLY) stock to Buy from Hold with a price target of $50.
Leshock highlighted that RKLB’s Electron has launched about 90 successful missions. Also, its Neutron rocket is on track for a launch later this year. Leshock has gained more clarity on the Neutron rocket over the past six months, with the January testing setback fully resolved and RKLB making progress on key milestones ahead of the launch. He is also optimistic about Rocket Lab’s ability to build its own satellite network and deliver high-margin, subscription-based revenue streams in the times ahead.
