Rocket Lab Stock Soars on Analyst Optimism, Drawing Parallels to SpaceX
Rocket Lab (RKLB) shares surged 4% this week after two analysts amplified their outlook on the space transportation company. Morgan Stanley's Kristine Liwag tripled her price target to $68, citing Rocket Lab's resemblance to SpaceX in capitalizing on growing demand for orbital launches—while noting its rare status as a publicly traded pure-play space stock.
Baird struck a more bullish tone, initiating coverage with an $83 target and 'outperform' rating. The firm highlighted Rocket Lab's consistent launch success rate and untapped potential in an industry where private competitors like SpaceX dominate. 'This is one of the few ways to bet on the commercialization of space without waiting for SpaceX to IPO,' remarked one trader.