SpaceX receives the first buy ratings from global brokers, with Morgan Stanley’s $300 price target topping the list

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Jinse Finance reported on July 7 that global brokerages have begun initiating coverage on Elon Musk's SpaceX (SPCX.O), and Wall Street has initially formed a consensus: buy the stock.
At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have given buy ratings, optimistic about its long-term growth prospects, despite lingering doubts about profitability and valuation.
Morgan Stanley analysts said in a report on July 7: 'SpaceX can massively convert energy into intelligence and commercialize it through consumer and enterprise solutions in the AI era.' Its target price is $300, which is currently the highest among Wall Street investment banks, implying an 87% upside from Monday's closing price of $160.42.
The bank's analysts believe that SpaceX's stock price could range from as low as $75 in a bear case to as high as $600 in a bull case, with revenue reaching $319 billion by 2030 and $3.3 trillion by 2040. (Jinshi)
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