SpaceX (SPCX) Receives Bullish Coverage from Major Banks

SpaceX (SPCX) has entered the Nasdaq-100 ( ^NDX ) with a stock price maintaining its initial trading level. Major banks, including JPMorgan and Morgan Stanley, have initiated coverage with price targets ranging from $205 to $300 per share. JPMorgan set a target of $225, while Morgan Stanley cited a $300 target based on the company’s anticipated market impact. Given these positive assessments, institutional investors are expected to increase their buying activity, which could lead to higher stock prices for SpaceX in the near future.