Rocket Lab’s price target was raised to $15 from $9 at Stifel

Stifel analyst Erik Rasmussen highlighted the company’s assessment Price target on Rocket Lab (RKLB) from $9 to $15 and maintained a Buy rating on the shares after CFO Adam Spice attended the Stifel 2024 Midwest One-on-One Conference in Chicago. The company emerged from the meetings with “a great deal of confidence” in the company’s ability to bring Neutrons to market while being well-positioned to capitalize on Space Systems’ momentum across a number of high-profile programs, the analyst said towards investors. Given the awards momentum and focus on scaling the business toward “attractive and profitable growth opportunities,” the company remains positive about Rocket Lab’s longer-term prospects, the analyst added.