The move lowers the bank's valuation target for SpaceX, though the post provides no rationale, timing details beyond the update, or broader changes to its view.
Deutsche Bank reduced its price target for SpaceX to $235 from $255, marking a downward revision in the bank's valuation outlook for the company. Price targets are analyst estimates of where a stock or private-market valuation could trade over a set period, and cuts can signal a more cautious view even when they do not necessarily imply a negative long-term thesis. The post does not include the reasons for the change or any additional details on Deutsche Bank's recommendation.