Rocket Lab Quintupled Sales, and Still Lost Money
Last week was a "good news, bad news" kind of week for investors in Rocket Lab (NASDAQ: RKLB), given a pair of analyst notes.
First German megabank Deutsche Bank raised its price target on the former SPAC investment, now a bona fide space stock, to $15 per share. (Rocket Lab costs barely $6 per share today.) But then, just a few days later, ratings watcher TheFly reported that investment bank Stifel had lowered its price target on Rocket Lab -- also to $15.
It almost seems like a consensus is forming on Wall Street: Rocket Lab stock is worth $15 per share -- 150% more than it can be purchased for today.
Source Fool.com
