Macquarie gives SpaceX an "Outperform" rating with a target price of $250.
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Raymond James: Gives SpaceX a "Strong Buy" rating with a target price of $800.
According to Mars Finance, on July 7, Raymond James initiated coverage of SpaceX with a "strong buy" rating and a target price of $800.
SpaceX receives its first "buy" ratings from global brokerages, with Morgan Stanley leading the pack with a target price of $300.
PANews reported on July 7th that, according to Jinshi, global brokerages have begun coverage research on Elon Musk's SpaceX (SPCX.O), and a preliminary consensus has been reached on Wall Street: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have given it a buy rating, expressing optimism about its long-term growth prospects, despite remaining concerns about profitability and valuation. In a report dated July 7th, Morgan Stanley analysts stated, "SpaceX can convert energy into intelligence on a large scale and commercialize it through AI-driven consumer and enterprise solutions." Their target price is $300, currently the highest among Wall Street investment banks, implying an 87% upside from Monday's closing price of $160.42.
Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.
Odaily Odaily that Morgan Stanley reiterated its "Overweight" rating on Rocket Lab (RKLB) and maintained its target price of $105, but raised its most bullish target price from $185 to $293. Morgan Stanley analysts believe that the acquisition of Iridium will expand Rocket Lab's potential market space and reposition the company as a vertically integrated space platform. While SpaceX has significant scale and cost advantages over Rocket Lab, the latter is moving closer to the former's model.
Bernstein: Launches coverage study on SpaceX, target price $239
According to Mars Finance, Bernstein has launched a coverage study on SpaceX (SPCX.O) with an "Outperform" rating and a target price of $239.
Cantor Fitzgerald: Reiterates Buy rating on MSTR with a target price of $212.
Odaily Odaily News | _2024111120230_ | An article published on the X platform stated that Cantor Fitzgerald said Strategy's top priority is to restore STRC to its face value, which is key to restarting its BTC buying engine and strengthening its capital structure. Cantor Fitzgerald stated that now is a good time to buy STRC or MSTR common stock, and reiterated its buy rating on MSTR with a target price of $212.
Wall Street has given SpaceX an "initially bullish" rating, with Morgan Stanley predicting the stock price could rise by as much as 87%.
According to a report by ChainCatcher on July 7th, SpaceX has gained initial support from Wall Street, with global brokerages beginning to rate the rocket and AI company led by Elon Musk and reaching a clear consensus: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have begun rating the stock with a buy rating, endorsing SpaceX's long-term growth narrative, despite lingering questions surrounding the company's profitability, execution, and valuation. Morgan Stanley has set a target price of $300, one of the highest on Wall Street, implying an 87% upside from Monday's closing price of $160.42. Morgan Stanley projects SpaceX's share price to be $75 in a bear market scenario and $600 in a bull market scenario, with revenue potentially reaching $319 billion by 2030 and $3.3 trillion by 2040.