JPMorgan Says SpaceX Stock Could Triple After Strong Third-Quarter Results
JH Kim
Summary
- JPMorgan said SpaceX shares could rise by as much as threefold.
- It said SpaceX posted strong third-quarter results that far exceeded market expectations.
- It did not provide a specific price target or timeline for the gain.
Forecast Trend Report by Period
JPMorgan said SpaceX shares could triple, citing third-quarter results that far exceeded market expectations.
On October 21, JPMorgan said SpaceX stock could rise to about three times its current level after the company reported third-quarter results well above forecasts.
The bank pointed to SpaceX's strong third-quarter performance in making the call.
It did not provide a specific price target or timeline for the gain.
JH Kim
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