Buy the Dip? 4 Major Banks Issue 'Buy' Ratings for SpaceX Following Nasdaq Debut
The financial landscape is buzzing following SpaceX's debut on the Nasdaq, as heavyweights including Citi, Morgan Stanley, BofA, and BTG Pactual have initiated coverage with a definitive 'buy' recommendation. Analysts are setting aggressive price targets for SPCX, ranging from US$ 200 to US$ 300, signaling strong institutional confidence.
While the stock faced a 6.8% decline on the same day it joined the Nasdaq 100 index, the consensus among top-tier banks suggests this volatility may be a temporary setback. Investors are closely watching whether this price action offers a strategic entry point into one of the most influential tech-driven assets in the current market.
Despite the bullish outlook from major banks, the stock experienced a 6.8% drop on its first day of trading within the Nasdaq 100. This disconnect between institutional recommendation and immediate price action has caught the attention of traders, who are evaluating if the dip represents a prime buying opportunity for the aerospace giant.
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