Rocket Lab upgraded to Overweight from Equal Weight at Morgan Stanley

Morgan Stanley upgraded Rocket Lab (RKLB) to Overweight from Equal Weight with a price target of $105, up from $67. The firm sees the space technology industry as attractive in 2026. The favorable trends that drove 2025 outperformance should carry into 2026, the analyst tells investors in a research note. Morgan Stanley introduced an “Attractive industry view” on space technology into 2026, driven by higher launch cadences, new products, policy support and market maturation. It cites improved risk/rewards for the handful of upgrades it made.