Shares of Rocket Lab (NASDAQ: RKLB) received another major vote of confidence this month after financial heavyweight Morgan Stanley significantly upgraded both its rating and price target on the stock. On Jan. 16, 2026, the firm raised its rating from Equal Weight to Overweight and lifted its price target from $67 to a Street-high $105.
The timing of the upgrade is notable. Rocket Lab is already trading at all-time highs, closing the Jan. 16 session at $96.30. That move pushed the stock’s year-to-date gain to 38%, while its one-year performance now stands at an eye-catching 287%. With shares already deep into a parabolic run, Morgan Stanley’s bullish call naturally raises an important question for investors: Is there still upside left in the short-term, or has the market already priced it in?
