Cantor Fitzgerald reiterated its Overweight rating on Rocket Lab USA (NASDAQ: RKLB). The firm maintained a price target of $85.00 for the stock.
This affirmation followed a fireside chat with CFO Adam Spice at Cantor’s Global Tech Conference. Discussions focused on Space Development Agency (SDA) contracts and Electron rocket launch frequency.
Executives also detailed Haste missions and the ongoing development of the Neutron rocket. The rating reiteration follows significant stock returns over the past year.