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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

Why Rocket Lab Stock Is Gaining Friday

Rocket Lab Ryan Koontz RKLB Needham
Rocket,Lab,Building,Sign.,Auckland,,New,Zealand,-,February,8,

Rocket Lab Corporation (NASDAQ:RKLB) shares rose in premarket trading on Friday after Needham analyst Ryan Koontz reiterated a Buy rating and lifted the price forecast from $45 to $55.

On Thursday, the company reported $144.5 million in revenue for the second quarter, outpacing the $134.53 million consensus, and posted a loss of 13 cents per share.

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