Recently, analysts at Morgan Stanley had positive things to say about space company Rocket Lab (RKLB). Morgan Stanley analyst Kristine Liwag noted the elevated interest in the space stock this year, as well as the lack of pure-play, high-performing stocks in the space.
Morgan Stanley analysts think the company could rival SpaceX by boosting rocket lift capacity and embracing booster reusability. The company’s Electron launches also position it for further growth. The firm assigned a $68 price target to the stock, implying 5% potential upside from current levels.
