CFRA Reiterates Rating on Space Exploration Technologies Corp. $SPCX
Key Points
- CFRA now rates Space Exploration Technologies Corp. ($SPCX) "sell" with a $115 target.
- CFRA's $115 price target implies 40.17% downside from Space Exploration Technologies Corp.'s ($SPCX) current $192.20 share price.
- The Street's average $SPCX price target is $219.22 (Buy).
- $SPCX last traded around $192.20.
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CFRA reiterated its rating on Space Exploration Technologies Corp. ($SPCX) to a "sell" rating in a recent research note and set a price target of $115, a 40.17% downside from the current price.
Space Exploration Technologies Corp. Stock Up 35.8%
Shares of Space Exploration Technologies Corp. ($SPCX) traded around $192.20 on Saturday, up 35.8% for the day.
Space Exploration Technologies Corp. Earnings
Analysts Set New Price Targets
About Space Exploration Technologies Corp.
Space Exploration Technologies Corp. provides satellite-based broadband services in the United States, Ireland, Canada, and internationally. It operates through three operating segments: Space, Connectivity, and AI. The Space segment designs, manufactures, and launches reusable rockets to provide access to space. It also provides launch services for the deployment of payloads to intended orbits for commercial and government customers utilizing Falcon 9 and Falcon Heavy; and engages in the launch and development for the development of spacecraft and the provision of launch and mission services for government agency space programs utilizing Falcon 9, Falcon Heavy, Starship, and Dragon. Its company's Connectivity segment operates broadband data and communications network by various Starlink satellites in low-earth orbit, delivering connectivity to various consumers, enterprise, and government customers. The company's AI segment operates a vertically integrated AI platform spanning a frontier LLM Grok; AI solutions for consumer and enterprise customers; X, a real-time information, entertainment, and free speech platform; and AI computational infrastructure. Space Exploration Technologies Corp. was incorporated in 2002 and is based in Starbase, Texas.
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