Baird starts ‘reliable space launch provider’ Rocket Lab at Outperform

As previously reported, Baird initiated coverage of Rocket Lab (RKLB) with an Outperform rating and $83 price target The company’s position as a reliable space launch provider is “firmly established” through its 94% mission success rate, the analyst tells investors. The firm sees the 34% compound annual growth rate for revenue through 2030 that consensus projects being supported by the larger Neutron rocket helping the company enter the “highly-lucrative” medium-lift market as a direct competitor to SpaceX’s Falcon 9 rocket, the analyst added.