Citi gives buy rating to SpaceX SPCX and sets $200 year-end target, Scott Melker notes

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Citi gives buy rating to SpaceX SPCX and sets $200 year-end target, Scott Melker notes — Citi starts SpaceX SPCX with buy rating

Scott Melker, owner and content creator, reports that Citi has initiated coverage on SpaceX SPCX with a buy rating and a $200 year-end price target.

The firm also sees a long-term path to SpaceX's valuation exceeding $900.

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Melker has recently reported on other significant market updates. He covered JPMorgan's decision to raise its S&P 500 year-end target to 7,800, citing strong AI-driven earnings. Melker also noted Vitalik Buterin's statement that Ethereum's next major rebuild will match the impact of the Merge and take three to four years to complete.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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