Rocket Lab price target raised to $105 from $90 at Stifel

Stifel raised the firm’s price target on Rocket Lab (RKLB) to $105 from $90 and keeps a Buy rating on the shares after having met with the company’s management team during the 41st annual Space Symposium conference. During the conversation, it was clear that Rocket Lab is “a well-positioned, vertically integrated space prime with differentiated products across a growing set of opportunities,” says the analyst, who continues to have “high conviction in the name.”