Rocket Lab price target raised to $35 from $25 at Roth Capital

Roth Capital analyst Suji Desilva raised the firm’s price target on Rocket Lab (RKLB) to $35 from $25 and keeps a Buy rating on the shares. The firm cites the company’s announcement that it is acquiring privately held Geost, an advanced sensor payload vendor that primarily targets mission critical national security missions, adding that it is encouraged by Rocket Lab’s portfolio expansion while driving both diversification and increased opportunity for integrated solution offerings, the analyst tells investors in a research note.