$Rocket Lab USA, Inc.(RKLB)$ Clear Street's note highlights tighter launch supply after the New Glenn grounding, adding more pressure to an already constrained market.
Electron and Space Systems are moving closer to adjusted EBITDA profitability, excluding Neutron R&D.
The 12-month price target is raised to $129 from $98, based on higher revenue assumptions of $3.1B (from $2.8B) and increased Neutron launch expectations to 20 per year.
The valuation expands to ~26x 2030 EV/Sales versus 22x previously, reflecting a sustained premium multiple environment.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments