RKLB - Rocket Lab Has A Proven Business Model and Viable Profitability Path In 1-3 Years: Keybanc Analyst | Benzinga
KeyBanc analyst Michael Leshock initiated coverage on Rocket Lab USA Inc (NASDAQ:RKLB) with an Overweight rating and a price target of $8.
The analyst noted RKLB as one of the handful of companies within the Space industry with a proven business model and viable path to profitability in the next 1-3 years.
The demand for launch services and satellite manufacturing is increasing rapidly, and RKLB is among the few that can service this demand.
Government budgets for space applications have increased annually over the past decade, offering further support for RKLB’s business (as evidenced by recent long-term contract wins).
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