Rocket Lab 'In Prime Position To Challenge' SpaceX
1. Needham analyst raises RKLB price target from $45 to $55. 2. Rocket Lab reported above-consensus Q2 results and impressive revenue growth. 3. Management shows confidence in steady revenue growth and margin expansion. 4. Demand for alternatives to SpaceX boosts RKLB's growth potential. 5. Rocket Lab's new Neutron rocket is on track for a late-year test launch.