SpaceX Stock Targeted at $75 by Phillip Securities
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SpaceX stock will crash to $75, warns Wall Street expert
As Space Exploration Technologies Corp. (NASDAQ: SPCX) shareholders experienced a relief rally of more than 17% over the past three weeks, fueled by its blowout second-quarter (Q2) earnings report, Glenn Thum, an analyst at Phillip Securities, cautioned investors of a potential capitulation for this stock to a new all-time low (ATL) over the next 12 months. Thum reiterated a ‘Sell’ rating for SpaceX stock, according to a note sent to clients on …
SpaceX Stock Targeted at $75 by Phillip Securities
The post SpaceX Stock Targeted at $75 by Phillip Securities appeared first on Coinpedia Fintech News Phillip Securities has given SpaceX (SPCX) a Sell rating with a $75 price target, citing concerns over the company’s valuation and the durability of its revenue growth. SpaceX shares recently rebounded from a low near $105, gaining more than 35%. However, another major share unlock is scheduled for August 20, when roughly 320 million shares …
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