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SpaceX Receives First Batch of 'Buy' Ratings from Global Brokerages, Morgan Stanley Leads with $300 Target Price
1 day ago /
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Author：小编
Multiple global brokerages have initiated coverage on SpaceX, owned by Musk, with a preliminary consensus on Wall Street leaning towards a 'buy' rating, as at least six brokerages have given it a 'buy' recommendation. Despite concerns over SpaceX's profitability and valuation, the market generally remains optimistic about its long-term growth potential. Morgan Stanley has set a target price of $300 for SpaceX, implying an 87% upside from Monday's closing price, and forecasts that its stock price could fall as low as $75 in a bear market or soar as high as $600 in a bull market. Additionally, the firm expects SpaceX's revenue to reach $319 billion by 2030 and grow to $3.3 trillion by 2040.
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