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Analysts Offer Insights on Industrial Goods Companies: Rocket Lab USA (RKLB) and Joby Aviation (JOBY)

Tipranks - Tipranks - Wed Aug 12, 8:56AM CDT

Analysts have been eager to weigh in on the Industrial Goods sector with new ratings on Rocket Lab USA (RKLB) and Joby Aviation (JOBY).

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Rocket Lab USA (RKLB)

Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating on Rocket Lab USA today and set a price target of $120.00. The company’s shares closed last Tuesday at $78.31.

According to TipRanks.com, Rhee is a 5-star analyst with an average return of 18.7% and a 50.2% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, Frequency Electronics, and Rimini Street. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Rocket Lab USA with a $111.50 average price target, representing a 39.3% upside. 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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Joby Aviation (JOBY)

In a report issued on August 7, James Kirby from J.P. Morgan maintained a Sell rating on Joby Aviation, with a price target of $7.00. The company’s shares closed last Tuesday at $8.91.

According to TipRanks.com, Kirby is ranked #7470 out of 12467 analysts.

The word on The Street in general, suggests a Hold analyst consensus rating for Joby Aviation with a $11.25 average price target, implying a 27.7% upside from current levels. In a report issued on August 5, Goldman Sachs also maintained a Sell rating on the stock with a $8.00 price target.

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