Latest / Investopedia Markets News (all except PF)
SpaceX Stock Surges as Morgan Stanley Says Stock ‘Cheap and Getting Cheaper’
A SpaceX craft rises from its launchpad at Boca Chica Beach, in Texas, last month.Credit: Brandon Bell / Getty ImagesWhat You Need to KnowKEY TAKEAWAYSSpaceX shares rose Monday after Morgan Stanley said the stock was “cheap and getting cheaper” relative to its growth prospects.Morgan Stanley maintained an overweight rating and $300 price target as shares traded above $167.Morgan Stanley sees SpaceX stock as “cheap and getting cheaper.” The opposite is happening today.Shares of SpaceX—officially Space Exploration Technologies (SPCX) —are jumping 5.5% Monday, a day after Morgan Stanley analysts…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.