Veteran analyst revamps Rocket Lab stock price target
Rocket Labs USA (RKLB) has been in full focus since it reported Q1 earnings last week, but that’s not the only reason investors are watching it closely.
The space exploration and technology company is considered a competitor to Elon Musk’s SpaceX and has enjoyed significant growth over the past year, rising from less than $5 per share to its current price of almost $22.
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Since the stock is up more than 400% for the year, it’s been hard for investors not to pay attention.
One veteran Wall Street analyst has been bullish on Rocket Labs for some time, even as others have speculated that its growth may not be sustainable. He recently…
