01:00 AM EDT, 05/08/2024 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We trim our 12-month target price by $1 to $5, applying an EV/Revenue multiple of 5.8x to our '24 estimate, a premium to peers, reflecting our positive outlook on the company. We move our '24 loss estimate to $0.24 from a loss of $0.33 and move '25's estimate to a loss of $0.16 from EPS of $0.08. RKLB reported a Q1 operating loss of $0.06 vs a loss of $0.06, $0.02 above the consensus. Q1 revenue increased 55% sequentially, driven by 287% growth in its Launch Service segment, due to a return to normal launch operations after its Q4 anomaly, and 17% sequential growth in the Space Systems segment, primarily due to its MDA contract revenue. The focus of '24 will be increasing its launch cadence and getting its new Neutron rocket off the ground. With a backlog of over $1 billion, we are confident that the company will continue to post strong growth, assuming there are no launch failures during the year.