Svmuu News: Serenity, known as the “White-Haired Stock Guru,” posted that Raymond James Financial has initiated coverage of SPCX with a “Strong Buy” rating, setting a price target of $800—a significant increase from the previous $160.
In response, Serenity noted that this target price implies a $10 trillion valuation for SpaceX, adding that he had “nothing to say” about it. He quipped that the content of these so-called “institutional research reports” aimed at retail investors speaks for itself.