SPCX Price Plunges Over 5% Intraday, Several Wall Street Firms Issue 'Buy' Ratings with High Price Targets

BlockBeats News, July 7th, according to BIT (bit.com) market data, SPCX plunged over 5% after the US stock market opened, now trading at $152.3.

Earlier today, major Wall Street investment banks gave their ratings on SpaceX (SPCX). Raymond James set a target price as high as $800, almost treating the company as a comprehensive entity of next-generation space infrastructure, communication network, and orbital computing platform. However, most mainstream banks were more cautious, with target prices mainly ranging from $200 to $300, including Morgan Stanley at $300, Deutsche Bank at $255, JPMorgan and RBC at $225, Goldman Sachs at $205, and Citi at $200.