SpaceX Receives First Buy Ratings from Global Brokers, Morgan Stanley Leads with $300 Target

CoinFeed July 7 news, according to Jin Shi reports, global brokers have begun to initiate coverage on Elon Musk's SpaceX (SPCX.O), with Wall Street initially forming a consensus: buy the stock. At least six brokers including Morgan Stanley, Goldman Sachs, and UBS have given buy ratings, bullish on its long-term growth prospects, though profitability and valuation remain in doubt. Morgan Stanley analysts said in a July 7 report: "SpaceX can convert energy into intelligence at scale and commercialize it through consumer and enterprise solutions in the AI era." Its target price is $300, which currently leads among Wall Street firms, implying an 87% upside from Monday's closing price of $160.42.