Rocket Lab assumed with a Neutral at Goldman Sachs

Goldman Sachs assumed coverage of Rocket Lab (RKLB) with a Neutral rating and $27 price target Rocket Lab has been successful in establishing itself as the “go-to dedicated launch provider and reliable second option for space launch,” the analyst tells investors in a research note. However, the firm says Rocket Lab is not currently profitable or generating positive cash flow, is in an investment cycle with its Neutron development, and the visibility into the magnitude and path to normalized financials is limited.