Morgan Stanley Analyst Sees $300 Target for SpaceX, Estimates Over 50% Value from AI Business

SPCX-2.71%
According to BlockBeats, Morgan Stanley analyst Adam Jonas said on July 25 that SpaceX stock selloff has pushed its price to a level implying zero valuation for its artificial intelligence business. Jonas wrote in a note to clients that current investor pessimism is disconnected from the company's fundamentals, creating an attractive buying opportunity. He set a $300 price target for SpaceX, with over 50% of the valuation derived from the company's AI business. Some investors expect the stock may fall further to $100 per share once certain insiders' share lockup periods expire next month.
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GateUser-3657a2a8vip
· 11h ago
Buy the dip and enter 😎
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