Rocket Lab price target raised to $85 from $75 at Stifel

Stifel raised the firm’s price target on Rocket Lab (RKLB) to $85 from $75 and keeps a Buy rating on the shares. The company received a contract from the from the Space Development Agency to build 18 satellites for the T3TRK with a potential value up to $805M, the analyst tells investors in a research note. The firm says this is the company’s largest contact to date and represents “another meaningful win.”