Rocket Lab $RKLB initiated with a Buy at Citi
Citi initiated coverage of Rocket Lab with a Buy rating and $105 price target, which offers 51% upside.
The firm says Rocket is one of only a few companies on the planet delivering regular commercial access to orbit. The company is uniquely positioned in the space industry given its proven Electron launch vehicle, the analyst tells investors in a research note.
Rocket shares are a "core holding for space bulls," Citi contends.