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SpaceX's 91% Growth Forecast Isn't Just a Rocket Story, JPMorgan Says

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SpaceX's 91% Growth Forecast Isn't Just a Rocket Story, JPMorgan Says

JPMorgan initiated coverage of Space Exploration Technologies Corp. (NASDAX: SPCX) with a price target implying 40% upside. The report is constructive and supportive of risk-on positioning, but the move is likely more informative than market-moving given it’s a single initiation headline.

Analysis

JPMorgan initiated coverage of Space Exploration Technologies Corp. (NASDAX: SPCX) with a price target implying 40% upside. The report is constructive and supportive of risk-on positioning, but the move is likely more informative than market-moving given it’s a single initiation headline.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25

Ticker Sentiment

JPM

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