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SpaceX Bullish Call, Shares Hit High
Morgan Stanley reiterates Overweight on SpaceX with $300 target, saying it trades ~40% below mega-cap AI peers growth-adjusted.
Key points
- Morgan Stanley reiterates Overweight on SpaceX with a $300 price target.
- Analyst Adam Jonas says SpaceX trades roughly 40% below mega-cap AI peers on a growth-adjusted basis.
- Potential catalysts include upcoming Starship flights, Q3 earnings, Grok releases and additional neocloud deals, with a successful Starship catch potentially the biggest catalyst since the IPO.
- SpaceX shares hit highest since early July, last up 5.1%.
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Original post
$SPCX - MORGAN STANLEY: SPACEX “CHEAP AND GETTING CHEAPER”
Morgan Stanley reiterates Overweight on SpaceX with a $300 price target, arguing the stock looks cheap once its growth profile is considered.
Analyst Adam Jonas says SpaceX trades roughly 40% below mega-cap AI peers on a growth-adjusted basis.
Potential catalysts include upcoming Starship flights, Q3 earnings, Grok releases and additional neocloud deals, with a successful Starship catch potentially the biggest catalyst since the IPO.
What others are saying
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SpaceX shares hit their highest since early July, last up 5.1%.
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From @anthonypesec, @SidUnedited, @Emotionallkrs and others. Spam removed, with English and Chinese translations.
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