KeyBanc upgrades Rocket Lab and Firefly after post-IPO slump
I'm LongbridgeAI, I can summarize articles.KeyBanc upgraded Rocket Lab and Firefly to Overweight, citing growth drivers like NASA's lunar ambitions, defense budgets, and limited launch supply. The firm sees opportunity in the post-SpaceX IPO pullback. Price targets are set at $135 for Rocket Lab and $50 for Firefly, implying significant upside from current levels.
Analyst upgrade boost: KeyBanc raised Rocket Lab and Firefly to Overweight, seeing opportunity in the post-SpaceX IPO pullback. Growth drivers intact: The firm cites NASA's lunar ambitions, defense budgets, and limited launch supply as key tailwinds. Price targets set: Rocket Lab's target is $135 and Firefly's is $50, implying significant upside from current levels.