Stifel on Rocket Lab USA (RKLB): ' one step closer to expanding its support of the German and European Space industry'

Stifel analyst Erik Rasmussen reiterated a Buy rating and $90.00 price target on Rocket Lab USA (NASDAQ: RKLB).

The analyst comments "After the market close, Rocket Lab announced that it has received regulatory approval to acquire Mynaric AG. With this latest milestone, the company is one step closer to expanding its support of the German and European Space industry. The transaction is now expected to close in April. We see this deal as very strategic, as it adds optical communications capabilities for constellations, secures a key supplier for its two contracts with the SDA representing ~$1.3B, establishes a European presence where it opens up incremental growth opportunities across Europe and opens up access to ESA and European defense contracts that were previously tough to penetrate. We also believe Rocket Lab can leverage Mynaric’s satellite laser communication technology to unlock new revenue streams as it integrates this technology across its platform while bringing OISL in-house, eliminating dependence on an unstable external supplier."

For an analyst ratings summary and ratings history on Rocket Lab USA click here. For more ratings news on Rocket Lab USA click here.

Shares of Rocket Lab USA closed at $57.38 yesterday.

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