The post SpaceX Stock Targeted at $75 by Phillip Securities appeared first on Coinpedia Fintech News
Phillip Securities has given SpaceX (SPCX) a Sell rating with a $75 price target, citing concerns over the company’s valuation and the durability of its revenue growth. SpaceX shares recently rebounded from a low near $105, gaining more than 35%. However, another major share unlock is scheduled for August 20, when roughly 320 million shares …