Woofun AI reports that Morgan Stanley has reaffirmed its "Overweight" rating on Rocket Lab (RKLB) while holding the baseline price target at $105. The firm simultaneously increased its most optimistic bull case price target from $185 to $293. Analysts attribute this adjustment to the Iridium acquisition, which they argue expands Rocket Lab's addressable market and establishes it as a vertically integrated space platform. While acknowledging SpaceX's scale and cost advantages, Morgan Stanley notes that Rocket Lab is increasingly aligning its operational model with that of its primary competitor.