Rocket Lab Stock Has 40% Upside, According to 1 Wall Street Analyst Firm
Investors weren't too impressed with Rocket Lab's (NASDAQ: RKLB) first-quarter earnings report Monday, selling shares of the space stock down 2% despite Rocket Lab reporting 69% sales growth in Q1 -- and predicting up to 77% growth in Q2!
But one Wall Street analyst firm begs to differ.
On Tuesday, investment bank repeated its opinion that Rocket Lab stock is a buy. The banker did nudge its price target down to $5.45. But even this target implies Rocket Lab stock will (what else?) rocket 40% over the next year.
Source Fool.com