Svmuu News: Morgan Stanley reaffirmed its “Overweight” rating on Rocket Lab (RKLB), maintaining its price target at $105 but raising its most optimistic bull-case price target from $185 to $293.
Morgan Stanley analysts believe that the acquisition of Iridium will broaden Rocket Lab’s potential market reach and reposition the company as a vertically integrated space platform. Although SpaceX has significant scale and cost advantages over Rocket Lab, the latter is moving closer to the former’s business model.
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Morgan Stanley We reaffirm our “Overweight” rating on RKLB and raise our bull-market price target to $293.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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