KeyBanc raised the firm’s price target on Rocket Lab (RKLB) to $40 from $29 and keeps an Overweight rating on the shares. Post the firm’s analysis, including its proprietary Q2 Plane Chain survey of aerospace suppliers, KeyBanc is largely maintaining FY25-FY26 estimates. The firm remains confident on enduring tightness within the A&D aftermarket, and strength within Space & Defense.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RKLB:
- Goldman Sachs Is Sidelined on Rocket Lab Stock (RKLB) Due to ‘Premium Valuation’
- Rocket Lab assumed with a Neutral at Goldman Sachs
- Rocket Lab successfully launches 68th Electron rocket display
- Rocket Lab USA’s Stock Soars Amid ESA Deal
- RKLB, IONQ: 2 Soaring Russell 2000 Stocks Still Rated as Strong Buys