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Analysts Are Bullish on Top Industrial Goods Stocks: Rocket Lab USA (RKLB), GXO Logistics (GXO)

Tipranks - Tipranks - Wed Aug 12, 1:28AM CDT

There’s a lot to be optimistic about in the Industrial Goods sector as 2 analysts just weighed in on Rocket Lab USA (RKLB) and GXO Logistics (GXO) with bullish sentiments.

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Rocket Lab USA (RKLB)

In a report released today, Gautam Khanna from TD Cowen maintained a Buy rating on Rocket Lab USA, with a price target of $120.00. The company’s shares closed last Monday at $80.04.

According to TipRanks.com, Khanna is a top 100 analyst with an average return of 22.1% and a 73.3% success rate. Khanna covers the Industrial Goods sector, focusing on stocks such as Carpenter Technology, Huntington Ingalls, and General Dynamics. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rocket Lab USA with a $111.13 average price target, a 32.2% upside from current levels. In a report issued on July 27, KGI Securities also upgraded the stock to Buy with a $107.00 price target.

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GXO Logistics (GXO)

In a report issued on August 6, J. Bruce Chan from Stifel Nicolaus maintained a Buy rating on GXO Logistics, with a price target of $71.00. The company’s shares closed last Monday at $46.96.

According to TipRanks.com, Chan is a 4-star analyst with an average return of 6.5% and a 53.4% success rate. Chan covers the Industrial Goods sector, focusing on stocks such as Expeditors International, Knight Transportation, and Old Dominion Freight. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for GXO Logistics with a $69.83 average price target, representing a 45.8% upside. In a report issued on August 5, Truist Financial also maintained a Buy rating on the stock.

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