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SpaceX's Stock Is Whipsawing Around Its IPO Price. Morgan Stanley Says It's 'Attractively Valued.'
Adam Jonas said the stock trades at 10 times sales and could still rise more than 70% from Tuesday’s close.
5 Articles
5 Articles
SpaceX's Stock Is Whipsawing Around Its IPO Price. Morgan Stanley Says It's 'Attractively Valued.'
An analyst from the bank said the company's announcement about its intention to spend $100 billion to build a spaceport in Louisiana would increase its launch cadence and position it to top forecasts.
SpaceX stock is down around 1% today, but analysts remain strongly bullish
SpaceX stock (SPCX) fell around 1% Wednesday, extending a choppy stretch in which the stock has closed lower in six of the past nine sessions. Analysts, however, see the company's planned Louisiana expansion as a potentially significant source of upside.Morgan Stanley sees launch capacity upsideMorgan Stanley analyst Adam Jonas reiterated an Overweight rating on SpaceX with a $300 price target, implying more than 70% upside from Tuesday's close.…
Coverage Details
Total News Sources5
Leaning Left2Leaning Right1Center1Last Updated50% Left
Bias Distribution
- 50% of the sources lean Left
50% Left
L 50%
C 25%
R 25%
Factuality
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