Goldman Sachs analyst Anthony Valentini raised the firm’s price target on Rocket Lab (RKLB) to $69 from $47 and keeps a Neutral rating on the shares. The firm’s Q4 Aerospace & Defense preview highlights favorable aerospace OE conditions, with supply below demand, while aftermarket growth outpaces global ASMs with strong pricing supporting margins, the analyst tells investors in a research note. Business jet demand remains solid amid tight supply, defense hardware growth is improving though margins face risk from shifting contracts, defense tech momentum emphasizes faster, commercial-style providers, and federal IT obligations continue under pressure, the firm says.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RKLB:
- TipRanks’ All-Star Analyst – Who Is the Best on Rocket Lab Stock (RKLB)?
- Rocket Lab Stock (RKLB) Soars as Top Morgan Stanley Analyst Upgrades to Buy
- Rocket Lab USA Rockets Higher as Analysts Double Down
- McDonald’s, Delta, Rocket Lab, GameStop, Applied Digital Insider Shock
- Moderately bullish activity in Rocket Lab USA with shares up 6.26%