Rocket Lab initiated with a Buy at Clear Street

Clear Street analyst Greg Pendy initiated coverage of Rocket Lab (RKLB) with a Buy rating and $88 price target The firm says Rocket’s three growth drivers, medium-lift Neutron, small-lift leadership, and Space Systems segment which is increasingly securing prime contracts, reinforce its positioning as a leading integrated space operator. Clear Street sees these growth drivers leading to 35% annual revenue growth for Rocket Lab though 2030.