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CNBC, citing TipRanks data, reports that Wall Street analysts are optimistic about Rocket Lab (RKLB)'s long-term investment value.
Raymond James analyst Brian Gesuale initiated coverage of Rocket Lab with a "Buy" rating and an $80 price target. He noted that with the acquisition of Iridium complete, Rocket Lab will be the only vertically integrated space company to achieve positive free cash flow, with revenue growth projected at 59% in 2026 and its backlog having doubled to nearly $2.4 billion.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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