CFRA initiated formal coverage of SpaceX on June 13 with a sell rating and a $115 price target, a valuation below the company’s IPO price that highlights uncertainty around its prospects.
CFRA initiated coverage of SpaceX on June 13 with a sell rating and a $115 price target, according to market updates. The target is below the company’s IPO price, signaling a bearish valuation view and highlighting investor uncertainty over how to price SpaceX and the potential volatility tied to its ambitious ventures.