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Benzinga
Benzinga
Business
Vaishali Prayag

UNCOVERED: Rocket lab shares fall after new analyst coverage and valuation concerns - The Untold Story

Rocket LabELaNa19-liftoff-Photo-credit-Trevor-Mahlmann

Shares of Rocket Lab USA Inc. (NASDAQ:RKLB) are trading lower Monday following new analyst coverage and a reassessment of the stock’s valuation outlook.

What To Know: The drop comes after Craig-Hallum initiated coverage on the company with a Hold rating and a price target of $51, expressing caution around the current valuation and future execution risks.

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