SpaceX posted 161% year-over-year revenue growth and returned to profit in its second quarterly report since listing, BlockBeats reported on Oct. 21. The report said several Wall Street firms raised their SPCX targets after the results.
Target changes
Morgan Stanley set a $300 target and kept an Overweight rating. Wells Fargo raised its target from $214 to $274, Citi lifted its target from $200 to $240, and UBS raised its target from $210 to $230.
The flash did not provide absolute revenue or profit figures. The target prices and rating are analyst views attributed to the firms by BlockBeats, not confirmed outcomes or investment advice.