Why Rocket Lab Stock Rocketed Again on Friday [Yahoo! Finance]
Bank of America Corporation (BAC)
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Source: Yahoo! Finance
The analyst cited the company's new Neutron medium-lift vehicle as the key catalyst, echoing similar sentiments from Morgan Stanley and Citigroup. Roth's price target is the highest on Wall Street, tied with Bank of America, but some experts express concern that the valuation may be irrationally exuberant, with the stock already trading at 30 times trailing sales. Rocket Lab (NASDAQ: RKLB) stock just keeps powering higher. On Friday, shares of the small rocket launch company gained 3.8% through 11:25 a.m. ET. If you own Rocket Lab stock, you can thank the friendly analysts at Roth MKM for that, because Roth raised its price target on buy-rated Rocket Lab this morning. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Roth MKM predicts Rocket Lab shares -- which cost just a bit over $23 a share right now -- will rise a further 29% to hit $30 a share within a year. And why does Roth think this? Basically, for the same r
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