Morgan Stanley Raises RKLB Bull-Case Target to $293, Reaffirms Overweight on July 8

According to Odaily, Morgan Stanley reaffirmed its Overweight rating on Rocket Lab (RKLB) on July 8, maintaining a base-case price target of $105 while raising its bull-case target price to $293 from $185. The investment bank's analysts believe the company's acquisition of Iridium will expand its addressable market and position Rocket Lab as a vertically integrated space platform, gradually narrowing the gap with SpaceX despite the latter's current scale and cost advantages.
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