Rocket Lab stock jumps on Morgan Stanley upgrade as KeyBanc warns the rally may be “priced in”
Morgan Stanley upgraded Rocket Lab to “overweight” and raised its price target from $67 to $105, sending shares up 6% to $96 on Friday. KeyBanc downgraded the stock to “sector weight,” citing valuation concerns and uncertainty over the Neutron rocket’s launch timeline. Investors are watching Neutron’s inaugural flight as Rocket Lab’s market cap hit $48 billion.