Rocket Lab price target raised to $60 from $50 at Roth Capital

Roth Capital raised the firm’s price target on Rocket Lab (RKLB) to $60 from $50 and keeps a Buy rating on the share after attending the company’s dedicated Wallops, VR LC-3 launch site, where the Neutron rocket launch pad is housed. The analyst left impressed by Rocket Lab’s progress toward the initial Neutron launch. The Neutron support infrastructure and launch pad infrastructure are all in place for initial launch, the analyst tells investors in a research note. The firm now has increased confidence in Neutron and the Buy thesis for Rocket Lab.