BUZZ-SpaceX down ahead of Nasdaq 100 inclusion, brokerages start coverage
SpaceX SPCX | 0.00 | |
NASDAQ-100 NDX | 0.00 |
** SpaceX SPCX.O shares down 1.3% at $158.32 in premarket trading
** Co to join Nasdaq-100, 15 days after debut, among fastest inclusions ever
** Brokerages initiate coverage on stock as research quiet period ends, with broadly bullish ratings
** "The case for SpaceX depends on success of its space launch capabilities (particularly Starship), with value creation mainly from AI through orbital data centers" - Bernstein
** Last month, Oppenheimer became the first to initiate coverage with an "outperform" rating
** Current median PT of 13 analysts covering the stock is $216 - LSEG-compiled data
** SPCX shares have gained more than 6% since their debut
