Investment bank Susquehanna: Optimistic about SpaceX's upside potential but maintains a neutral rating
BlockBeats news, on June 23, investment bank Susquehanna International Group initiated coverage of SpaceX (trading code SPCX) for the first time, giving it a "Neutral" rating and a target price of $170, citing the company’s strong growth prospects but a currently demanding valuation.
The institution expects that, driven by launch services, Starlink, and artificial intelligence-related applications, the company’s revenue will continue to grow rapidly through 2030.
However, analysts also advise investors to wait for a better entry point and point out potential risks, including delays in SpaceX Starship development, increasing competition for Starlink, and uncertainties around AI-related revenues.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
XRP Breakout Incoming As Long As This Support Zone Holds
UBS raises PVA TePla stake to 5.05% from 4.97% via instruments`
MOBA Network names co-founder Björn Mannerqvist CEO, replacing Anders Ribbing
Crypto prices
More
