Stifel analyst Jonathan Siegmann reaffirmed a Buy rating and $190 price target on SpaceX (SPCX) on Monday, Nov. 9, saying its investment-grade balance sheet and $40 billion in committed GPU financing leave it “positioned as buyer of last resort for sites that already have power” if state permitting slows data centers after the Democrats’ midterm sweep, TipRanks reported. TipRanks said the stock rose in Monday premarket trading after an 8.62% gain Friday, and Stocktwits via Yahoo Finance reported SPCX up 2.4% in a story published at 7:37 a.m. EST. Stifel also pointed to Starship Flight 15, targeted for Nov. 13.
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BUSINESS / STOCK & DELIVERIESStifel Reiterates Buy and $190 Target on SpaceX, Sees It as Buyer of Stalled Data Centers
Stifel’s Jonathan Siegmann kept a Buy and $190 target on SPCX on Nov. 9, saying SpaceX could buy stalled data-center sites that have power.
For information only, not investment advice. Price targets and estimates are attributed to the named firms and data providers.
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