Rocket Lab price target raised to $85 from $72 at Cantor Fitzgerald

Cantor Fitzgerald analyst Andres Sheppard raised the firm’s price target on Rocket Lab (RKLB) to $85 from $72 and keeps an Overweight rating on the shares. Cantor remains bullish on Rocket Labs following the Q4 earnings report, and the acquisition of Geost is significant, in that it adds payloads as a new category of offering, and should position Rocket as a disruptive prime contractor for U.S. National Security Missions, the analyst tells investors in a research note. Cantor also sees Rocket Labs as a direct beneficiary of the Golden Domes initiative.