Shares of the aerospace company $RKLB (-4,18 %) rise nearly 7% to $68.8 in pre-market trading ** Morgan Stanley raises its price target for the company from $20 to $68, up 5.8% from the last close ** RKLB is now the clear leader in the small launch vehicle space with a new medium-class launch vehicle, about to enter service at a time when launch capacity supply is limited," according to Morgan Stanley ** The market is now basing its valuation of RKLB on SpaceX's implied valuation ** 10 of 15 brokerages rate the stock a "buy" or higher and five rate it a "hold"; their median price target is $50.5 - data compiled by LSEG ** shares are up 152.3% year-over-year since the last close
