Wells Fargo Maintains Equal-Weight on Rocket Lab USA, Raises Price Target to $6.75
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Sarah Akers has maintained an Equal-Weight rating on Rocket Lab USA (NASDAQ:RKLB) and raised the price target from $5.5 to $6.75.
August 09, 2023 | 3:30 pm
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Rocket Lab USA's price target has been raised from $5.5 to $6.75 by Wells Fargo, maintaining an Equal-Weight rating.
The price target increase for Rocket Lab USA by Wells Fargo indicates a positive outlook for the company's stock. This could potentially lead to an increase in the stock's price in the short term as it signals the analyst's confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100