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Institution: SpaceX is expected to deliver strong long-term growth, but the risk-reward balance is favorable in the short term
Svmuu News: SpaceX (SPCX.O) fell more than 4% at one point in pre-market trading on Monday and is expected to decline for the third consecutive trading day. During last Wednesday and Thursday’s trading sessions, SpaceX’s stock price had already fallen more than 8% in total. Nevertheless, as of Thursday’s close, SpaceX’s stock price remained 37% above its IPO price of $135, with a market capitalization of $2.4 trillion. KeyBanc Capital Markets has initiated coverage of the stock with a “neutral” rating, noting that while there are numerous high-growth paths in the long term, the risk-reward ratio appears relatively balanced in the short term. (Jin Shi)
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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