Goldman Sachs Initiates Coverage On Rocket Lab USA with Neutral Rating, Announces Price Target of $4.5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs has initiated coverage on Rocket Lab USA (NASDAQ:RKLB) with a Neutral rating and set a price target of $4.5.
June 11, 2024 | 9:38 am
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NEUTRAL IMPACT
Goldman Sachs has initiated coverage on Rocket Lab USA with a Neutral rating and set a price target of $4.5. This suggests that the stock is expected to perform in line with the market.
The Neutral rating indicates that Goldman Sachs expects Rocket Lab USA to perform in line with the market. The price target of $4.5 provides a specific valuation benchmark for investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100