Goldman Sachs Maintains Neutral on Rocket Lab USA, Raises Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Noah Poponak maintains a Neutral rating on Rocket Lab USA (NASDAQ:RKLB) and raises the price target from $4.5 to $5.
October 10, 2024 | 3:07 pm
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Goldman Sachs has maintained a Neutral rating on Rocket Lab USA but increased the price target from $4.5 to $5, indicating a slightly more positive outlook.
The increase in the price target from $4.5 to $5 suggests a slightly more optimistic view on Rocket Lab's future performance, which could positively influence investor sentiment in the short term. However, the Neutral rating indicates that the analyst does not expect significant outperformance relative to the market.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100