Susquehanna Initiates Space Exploration (SPCX) With a Neutral Rating

​Space Exploration Technologies Corp. (NASDAQ:SPCX) is one of the Most Promising New Technology Stocks to Buy According to Analysts. Space Exploration Technologies Corp. (NASDAQ:SPCX) had a record-breaking $75 billion IPO on June 12. Although the stock price has dipped a little due to valuation concerns, the Street expects more than 28% upside from the current level.

On June 23, ​Susquehanna initiated the stock as "Neutral" with a $170 price target. Analysts at the firm believe that investors should wait for a better entry point.

"We are initiating coverage of Space Exploration Technologies Corporation ( SPCX) with a Neutral rating and price target of $170."

A day earlier, on June 22, KeyBanc initiated coverage of SpaceX with a Sector Weight rating and didn't assign any price targets. The firm acknowledged SpaceX's dominant position in the space launch industry, expecting it to maintain leadership across space launch and adjacent verticals for the foreseeable future. The firm highlighted Starlink as a key driver of profitable growth and  identified AI as the long-term catalyst for significant upside potential for the company.

​However, despite recognizing the company's disrupti

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/susquehanna-initiates-space-exploration-spcx-211354057.html)