SpaceX is set to join the Nasdaq 100 on Tuesday, with many analysts expressing a buy view. However, Nicholas Owens at Morningstar rates the stock a sell and sets a $62 price target, arguing the shares are overvalued. Net effect is a mildly cautious setup despite the index-inclusion tailwind.
SpaceX is set to join the Nasdaq 100 on Tuesday, with many analysts expressing a buy view. However, Nicholas Owens at Morningstar rates the stock a sell and sets a $62 price target, arguing the shares are overvalued. Net effect is a mildly cautious setup despite the index-inclusion tailwind.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.15
Ticker Sentiment
