RKLB - Rocket Lab's FY23 Launch Revenue May Be Hampered By $22.5M Following Recent Satellite Mission Mishap: Analyst Cautions | Benzinga
Stifel analyst Erik Rasmussen reiterated the Buy rating on Rocket Lab USA, Inc. (NASDAQ: RKLB), lowering the price target to $10 from $11.
After the market close, Rocket Lab reduced its Q3 FY23 financial outlook following its 41st mission launch issue last week.
RKLB lowered the Q3 outlook for revenue to $66 million-$68 million (vs. $73 million-$77 million earlier) against the consensus of $74.5 million.
The analyst notes that the company's 3Q revenue is only impacted by one less launch (from 4 to 3), while the space systems midpoint of ...