Morgan Stanley reiterated its "overweight" rating on RKLB and raised its bullish price target to $293.
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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.
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.
JPMorgan Chase: Maintains Overweight Rating on Tencent; WeChat AI Agent Launch Reduces Risk Premium
According to Mars Finance, JPMorgan Chase issued a report stating that the uncertainty surrounding Tencent's WeChat AI Agent lies in whether it can truly integrate into the WeChat platform, the extent of its transaction permissions, and whether Tencent can build a supply system that the AI Agent can utilize without relying on existing e-commerce platforms to open their inventory. With Tencent beginning beta testing of the WeChat AI Agent in June, the bank's confidence in its value creation framework has greatly increased. The agent service is now sufficiently visible, clearly distinguishing between existing parts and those still needing development. This transforms the WeChat AI Agent from an AI option with no clear timeline into a phased rollout project with observable milestones. The bank believes that the initial impact of the WeChat AI Agent launch on the share price is more likely to come from a reduction in risk premium and an increase in valuation multiples, rather than short-term earnings per share growth. The bank maintains its "Overweight" rating on Tencent with a target price of HK$690. (Cailian Press)
JPMorgan: Open source weight commercialization exhibits a "winner-takes-all" phenomenon; Zhipu target price raised to HK$2,000, MiniMax target price cut to HK$300.
According to BlockBeats, on July 8th, JPMorgan Chase released a research report stating that currently competitive models in the market can expand adoption through open-source weighting and continue to monetize through official APIs, partner channels, enterprise deployments, and workflow products; while weaker models face faster price comparisons and traffic fragmentation. JPMorgan Chase raised its revenue forecasts for Zhipu from 2026 to 2030 by 3% to 9%, and narrowed its adjusted loss forecasts for 2026 and 2027 to RMB 3.711 billion and RMB 3.141 billion respectively. The 2028 forecast was revised from a loss of RMB 1.287 billion to a profit of RMB 2.367 billion. The target price was raised from HKD 1800 to HKD 2000, maintaining an "Overweight" rating. The report believes that the performance of GLM-5.5/6, KimiK3, and DeepSeekV4.1 will be key indicators of whether Zhipu can maintain its leading position. JPMorgan lowered its revenue forecasts for MINIMAX-W (2027-2030) by 2% to 8%, and reduced its target price from HK$400 to HK$300, while maintaining a "neutral" rating. The company noted that the M3 model offers a permanent 50% discount, reflecting that the model has not yet created a significant capability premium for leading domestic competitors. JPMorgan believes that if MiniMax can narrow the capability gap, normalize the discount, maintain API usage, and demonstrate stronger workflow stickiness through MiniMaxCode, its outlook could turn positive.
Morgan Stanley: Funds are rotating from chip stocks to AI cloud service providers; US stocks may struggle to reach new highs in the short term.
According to Mars Finance, Morgan Stanley strategists believe that US stocks may struggle to reach new all-time highs in the short term as investors take profits on tech stocks and rotate their assets. Strategist Wilson is bullish on hyperscale cloud service providers including Microsoft, Amazon, and Meta, believing their core businesses can support volatility in AI-related businesses. He predicts the S&P 500 will reach 8,000 points by the end of the year, with consumer discretionary, transportation, and biotechnology sectors potentially benefiting. (Cailian Press)
Morgan Stanley raises target price for Google
According to Mars Finance, on June 30, Morgan Stanley raised its target price for Google from $375 to $415.