Analyst: Rocket Lab Stock Down 57% From Highs, But Still Not a Buy
Yahoo Finance analysts note that space economy company Rocket Lab's stock price has fallen 57% from its peak, with a current market capitalization of $380 million. Despite optimism about the company's business prospects, including the upcoming $8 billion acquisition of Iridium Communications, its Electron rocket business, and the development of the Neutron rocket, analysts believe its valuation remains high (P/S ratio of 48x). Therefore, they are not considering buying at present and are waiting for a further decline in the stock price.
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