Citizens reaffirmed a Market Outperform rating for Rocket Lab USA, Inc. (RKLB).
The firm maintained a $130 price target, citing strong demand across the space launch ecosystem. Analysts expect the reusable Neutron rocket to debut by the end of the year.
The pending acquisition of Iridium Communications is expected to add recurring, high-margin services revenue. This transaction represents a key strategic inflection point for the company's business model.