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Morgan Stanley Maintains Overweight Rating, Sets $300 Price Target, Sees Over 100% Upside

Morgan Stanley Maintains Overweight Rating, Sets $300 Price Target, Sees Over 100% Upside

TradingKey – Recently, SpaceX shares (SPCX) entered a volatile recovery phase following a sharp pullback. As of November 12 Eastern Time, SPCX edged up 0.14% to close at $139.94, reaching an intraday high of $147.60 on volume of approximately 95.96 million shares; in the latest overnight trading, it briefly climbed back above $141. Compared to the interim low of $120.39 on November 5, the stock has rebounded about 16%, but there is still more than 100% upside potential to JPMorgan’s $300 price target.

Morgan Stanley Maintains $300 Price Target, Eyes New Growth Curve After Neocloud

Morgan Stanley recently reiterated its Overweight rating and $300 price target on SpaceX. The bank believes SpaceX is gradually moving past the rapid expansion…

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