Rocket Lab USA, Inc. (RKLB) saw its stock price surge by 5.08% during the intraday session on Friday, reflecting strong investor confidence following a bullish upgrade from Morgan Stanley.
Morgan Stanley upgraded Rocket Lab from Equal Weight to Overweight and raised its price target to $105 from $67, citing positive outlook for the space technology company. This upgrade has significantly boosted market sentiment, leading to increased buying activity in the stock.