Rocket Lab price target raised to $20 from $18 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Rocket Lab (RKLB) to $20 from $18 and keeps an Equal Weight rating on the shares. After about a 360% run in 2024, the stock has underperformed the market by about 25% year-to-date in part on questions around the readiness of Neutron, Rocket Lab’s new medium-lift class rocket program, the analyst tells investors. However, the second half of 2025 target for Neutron’s debut reflects “a relatively modest delay,” says the analyst, who raised the firm’s target post-Q4 results.