Wells Fargo & Company started coverage on shares of Rocket Lab USA (NASDAQ:RKLB – Get Rating) in a report issued on Tuesday morning, MarketBeat reports. The brokerage issued an equal weight rating and a $5.00 target price on the rocket manufacturer’s stock.
Other equities analysts also recently issued reports about the company. UBS Group reduced their price target on Rocket Lab USA from $28.00 to $16.00 and set a buy rating on the stock in a research report on Tuesday, May 17th. Cowen reduced their price target on Rocket Lab USA to $6.50 and set a na rating on the stock in a research report on Wednesday, May 18th. Deutsche Bank Aktiengesellschaft reduced their price target on Rocket Lab USA from $18.00 to $14.00 in a research report on Tuesday, May 17th. Stifel Nicolaus upped their price target on Rocket Lab USA from $22.00 to $23.00 and gave the stock a buy rating in a research report on Tuesday, March 1st. Finally, Roth Capital began coverage on shares of Rocket Lab USA in a report on Wednesday, February 23rd. They set a buy rating and a $20.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Rocket Lab USA has an average rating of Moderate Buy and an average price target of 16.45.
Shares of NASDAQ:RKLB opened at 4.07 on Tuesday. Rocket Lab USA has a 52 week low of 3.93 and a 52 week high of 21.34. The company has a debt-to-equity ratio of 0.16, a current ratio of 4.30 and a quick ratio of 3.85. The firm has a 50 day moving average of 5.64 and a 200 day moving average of 8.34.
About Rocket Lab USA (Get Rating)
Rocket Lab USA, Inc, a space company, provides launch services and space systems solutions for the space and defense industries. The company provides launch services, spacecraft engineering and design services, spacecraft components, spacecraft manufacturing, and other spacecraft and on-orbit management solutions; and constellation management services, as well as designs and manufactures small and medium-class rockets.
- Get a free copy of the StockNews.com research report on Rocket Lab USA (RKLB)
- Are These Cheap Copper Stocks Right For Your Portfolio?
- Zai Lab Stock Has Fallen to Value Levels
- It’s A Comfortable Time To Buy Steelcase
- Worthington Posts Strong Results, But Earnings Fall On One-Off Adjustments
- A Tasty Entry Point Into Darden Restaurants International
Receive News & Ratings for Rocket Lab USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rocket Lab USA and related companies with MarketBeat.com's FREE daily email newsletter.