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Benzinga
Benzinga
Business
Vaishali Prayag

Rocket Lab Shares Fall After New Analyst Coverage And Valuation Concerns

Rocket Lab RKLB Rocket Lab USA Inc. CraigHallum SpaceX United States
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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