02:55 PM EST, 11/11/2025 (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 by $10 to $70, applying an EV/sales multiple of 40.7x to our 2026 estimate. We move our 2025 loss estimate to $0.24 from $0.22 and 2026's to a loss of $0.07 from EPS of $0.04. The company ended Q3 with a robust total backlog of approximately $1.1 billion. The launch backlog saw strong gains supported by increased bookings, notably 17 Electron launches signed within the quarter, indicating high demand and future revenue visibility. Electron demand is accelerating, with a record annual launch cadence. The company matched last year's launch record with its 16th mission and expects to surpass it soon with additional launches scheduled, reflecting scaling capabilities and growing market preference for Electron globally. Investments in Neutron are yielding progress, with significant testing and qualification underway. Infrastructure developments, including the opening of the new launch complex and readiness for rapid mission turnaround, position Neutron for future growth.