Deutsche Bank Initiates Rocket Lab USA With Buy, Sees Upside Of 17%

·1 min read
  • Deutsche Bank analyst Edison Yu initiated Rocket Lab USA Inc (NASDAQ: RKLB) with a Buy rating and a price target of , implying an upside of 17.5%.

  • Yu views Rocket Lab as the "highest quality space asset to enter the public market so far." The company has established itself as a reliable small rocket launcher and has garnered "strong momentum" in satellite buses and related components, enabling access to space in multiple ways.

  • The analyst anticipates share price volatility in the near term as the S-1 PIPE registration should occur by September 22.

  • Recently, the company was initiated at Cowen & Co. with a Market Perform rating and a Price Target of $18, implying an upside of 17.5%; and at Canaccord Genuity with Buy Rating and a Price Target of $30, implying an upside of 95.8%.

  • Price Action: RKLB shares are trading lower by 2.39% at $15.51 on the last check on Thursday.

Latest Ratings for RKLB

Sep 2021

Deutsche Bank

Initiates Coverage On

Buy

Sep 2021

Cowen & Co.

Initiates Coverage On

Market Perform

Sep 2021

Canaccord Genuity

Initiates Coverage On

Buy

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