Stock Track | Rocket Lab USA Soars 7.33% Pre-market as Morgan Stanley Triples Price Target

Stock Track

Oct 13

Shares of Rocket Lab USA, Inc. (RKLB) rocketed up 7.33% in pre-market trading on Monday, following a significant price target upgrade from Morgan Stanley. The investment bank raised its target price for Rocket Lab USA to $68.00 from $20.00, more than tripling its previous valuation.

Rocket Lab USA, Inc. is a leading aerospace company specializing in the design, manufacture, and launch of small satellites. The company has been gaining attention in the space industry for its innovative approach to small satellite launches and its ambitious plans for interplanetary missions.

The substantial increase in Morgan Stanley's price target suggests a bullish outlook on Rocket Lab's future prospects. This upgrade could reflect confidence in the company's growth potential, technological advancements, or upcoming projects. Investors appear to be reacting positively to this vote of confidence from a major financial institution, as evidenced by the pre-market surge in stock price.

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