BofA raised the firm’s price target on Rocket Lab (RKLB) to $120 from $60 and keeps a Buy rating on the shares. The firm, which expects significant investor interest in the space end-market this year on the heels of a potential SpaceX IPO, sees Rocket Lab leveraging its vertical integration in 2026. Neutron’s debut could bolster launch demand and support space-based applications, while the recent SDA award validates Rocket Lab’s ability to win national security space share alongside the primes, the analyst tells investors.
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