Morgan Stanley reiterates Rocket Lab's overweight rating, raises bull market target price to $293

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Morgan Stanley reiterates its overweight rating on Rocket Lab, maintaining its target price of $105 and raising its bull market target price from $185 to $293. Morgan Stanley analysts believe that the acquisition of Iridium will broaden Rocket Lab's potential market space and reposition the company as a vertically integrated space platform. Although SapceX has scale and cost advantages over Rocket Lab, Rocket Lab is moving closer to the SapceX model.

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