Analyst Keeps $225 SPCX Stock Price Target Ahead of SpaceX Earnings
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Key Insights: SpaceX (SPCX) stock price rose over 3% on Monday, with a renowned analyst maintaining its $225 target. SpaceX will report third-quarter earnings after the market closes on October 20. Elon Musk pledged one SpaceX share to every child in the US next year. The SPCX stock price has added more than 3% during Monday’s session as investors prepared for SpaceX earnings and weighed an analyst call. Notably, the overall telecommunications services sector rose 1.52%. Early trading saw shares between $147.78 and $150.44, up from Friday’s $146.03 close. Amid this, RBC Capital Markets kept a $225 price target for SpaceX stock before Tuesday’s report. Elon Musk also said he plans to give every child in America one of his SpaceX shares next year.
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