Morgan Stanley reiterates “Overweight” rating on RKLB, raises bull case price target to $293

Odaily Planet Daily News Morgan Stanley reiterated its "Overweight" rating on Rocket Lab (RKLB), maintaining the price target at $105, but raising the most optimistic bull case price target from $185 to $293.

Morgan Stanley analysts believe that the acquisition of Iridium will broaden Rocket Lab's addressable market and reposition the company as a vertically integrated space platform. Although SpaceX holds significant scale and cost advantages over Rocket Lab, the latter is moving closer to the former's model.