Wells Fargo, Citi and UBS Raise SpaceX Stock Price Targets

Wells Fargo, Citi and UBS raised their price targets for SpaceX (SPCX) shares after the newly public company reported 161% revenue growth from a year earlier and a return to quarterly profit. Wells Fargo lifted its target to $274 from $214, a $60 increase and the largest change among the three banks. Citi raised its target to $240 from $200, while UBS moved its target to $230 from $210. Wells Fargo’s revised target is the highest of the three. SpaceX released its third-quarter results after U.S. markets closed Oct. 20.

Source: TokenPost