EXCLUSIVE: SpaceX Stock Could ‘Eventually Double,' Market Expert Jay Woods Says ‘Put it Away, Don't Look At It'

Analysts are initiating coverage on SpaceX (SPCX) nearly a month after its IPO, but strategist Jay Woods flags valuation concerns as a key risk. Despite the “valuation scares,” he says he is not willing to bet against CEO Elon Musk, implying a cautious but not outright bearish stance.

Analysis

Analysts are initiating coverage on SpaceX (SPCX) nearly a month after its IPO, but strategist Jay Woods flags valuation concerns as a key risk. Despite the “valuation scares,” he says he is not willing to bet against CEO Elon Musk, implying a cautious but not outright bearish stance.