Rocket Lab price target raised to $35 from $29 at Cantor Fitzgerald

Cantor Fitzgerald analyst Andres Sheppard raised the firm’s price target on Rocket Lab (RKLB) to $35 from $29 and keeps an Overweight rating on the shares after hosting meetings with management. The firm sees Rocket’s track record of successful space launches, its portfolio of three different rocket types and dedicated launchpads in New Zealand and the U.S. as “significant moats.” Rocket Lab is an end-to-end space company that is best positioned in the industry, and will be a direct beneficiary of the recent President Trump and Elon Musk feud, the analyst tells investors in a research note.