Craig-Hallum starts Rocket Lab with a Hold, $51 price target

As previously reported, Craig-Hallum initiated coverage of Rocket Lab (RKLB) with a Hold rating and $51 price target Growth vectors/catalysts are multiplying as Rocket Lab moves upmarket, upcoming Neutron rocket can easily move the needle at about $55M per launch, the firm says. A great name/team to believe in for the long-term, however Craig-Hallum believes expected Neutron timelines bake in little room for failure and is looking for improved entry point.