Benzinga
2022.06.22 03:12

Wells Fargo Sees Notable Upside In Rocket Lab USA

Wells Fargo analyst Matthew Akers initiated coverage of Rocket Lab USA Inc (NASDAQ: RKLB) with an Equal Weight rating and a price target of $5, implying an upside of 19%. RKLB is an early leader in small space launch and space infrastructure with exposure to New Space growth upside, but with a more achievable growth forecast than its peers, stated the analyst. Akers mentions that given RKLB's well-established launch (second most used U.S.

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