Analysts HSBC initiate coverage of SpaceX (SPCX) with hold rating and $115 price target, citing full valuation
HSBC has initiated coverage of SpaceX with a hold rating and a $115 price target, indicating that the stock is fully valued despite an 'innovation premium' for CEO Elon Musk's leadership. This assessment suggests that much of SpaceX's long-term growth potential is already reflected in its current share price.