Citigroup Maintains Buy on Rocket Lab USA, Lowers Price Target to $5.45
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Jason Gursky has maintained a Buy rating on Rocket Lab USA (RKLB) but lowered the price target from $6 to $5.45.

May 07, 2024 | 5:33 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Rocket Lab USA but reduces the price target to $5.45.
The adjustment in price target by Citigroup, while maintaining a Buy rating, suggests a positive outlook on RKLB but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on RKLB's stock price as the market digests the revised target alongside the continued endorsement.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90