Fertnig
In January of this year, we wrote an article about Rocket Lab (NASDAQ:RKLB) where we rated the company a 'Strong Buy'.
At the time, the company's backlog was gaining strength, liquidity looked solid, and a lot of progress was being made
Rocket Lab: Way More Upside Than Previously Thought
Summary
- We rated Rocket Lab a 'Strong Buy' in January due to the company's sizable backlog, progress on Neutron, and potential 'space economy' upside.
- Today, the company continues to execute, and we like management's freshly articulated strategic aim for the company - to get into space services.
- While the valuation is speculative, we think it's worth taking a shot on this competent team and impressive track record.
- We re-iterate our rating on RKLB as a 'Strong Buy'.
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of RKLB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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