01:40 PM EST, 02/29/2024 (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 keep our 12-month target price at $6, applying an EV/sales multiple of 6.7x to our 2024 estimate, a discount to its 10-year historical average multiple at 11.2x, reflecting our slightly slower growth outlook due to launch delays. We move our 2024 loss estimate to -$0.33 from -$0.21 and set 2025's EPS estimate at $0.08. RKLB reported a Q4 operating loss of -$0.08 vs. a loss of -$0.04, $0.01 below the consensus. Q4 revenue fell 11.3% sequentially, due to the reduction of launches from three in Q3 to one in Q4, while the Space Systems segment was up 11.2% sequentially, driven by its MDA satellite bus contract, as well as growth in its component business. RKLB ended the year with a $248.3 million launch backlog and a $797.8 million backlog in Space Systems, representing growth of 108% compared to where it was at the end of 2022. We remain confident that RKLB will get back on track following the failure of one of its launches and look forward to the possibility of Neutron flying for the first time this year.