Two Wall Street firms begin coverage of Rocket Lab $RKLB:

Canaccord Genuity - Buy rating, $30 price target

Cowen - Market perform rating, $18 price target
Canaccord: "Rocket Lab’s first-mover advantage
should enable it to capture significant share within the global launch industry ... the company’s competitive advantage over new market entrants and production scale justify significant upside in the stock price." $RKLB
Cowen: "Its small launch competitive advantages, attractive launcher expansion path, and end-to-end market strategy offer robust extended growth." $RKLB
Cowen: $RKLB "has competitive pluses:
(1) demonstrated success
(2) reusable design (lowers cost)
(3) scale cost advantages
(4) its own launch pads, and
(5) a broad customer base.

These make it the launch provider most likely to achieve financial success."

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