New Street Research initiated coverage on Rocket Lab with a Buy recommendation. The firm set a price target of $150 per share. Analysts identified the company as the only Western competitor to SpaceX in the commercial launch market.
Rocket Lab shares have surged 415% over the past year. The new $150 objective exceeds the stock's recent closing price of $124.15. This target sits significantly above the Wall Street consensus of approximately $105.
Approximately 80% of analysts covering the stock maintain a Buy rating. The outlook reflects growing confidence in Rocket Lab's position within the expanding space industry.