Phillip Securities: Maintains a “Sell” rating on SpaceX (SPCX.US), with a target price of $75. Remains cautious about high capital expenditures, AI client concentration, and temporary cloud service contracts. To drive a valuation re-rating, clients will need to make longer-term business commitments.
智通财经2026/08/17 09:26Phillip Securities: Assigns a "Sell" rating to SpaceX (SPCX.US) with a target price of 75 USD. Remains cautious about high capital expenditure, AI client concentration, and temporary cloud service contracts. To drive a valuation re-rating, clients need to make longer-term business commitments.
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The Wall Street trading feast coming to an end? The share price of Bank of America plunged by 5% in a single day after its CEO described performance as "flat," dragging peers lower as well. After the combined stock trading revenue of the Big Four banks soared by 72% to a record high in Q2, executives have made the rare move of collectively lowering their outlook for Q3. The "extraordinary quarter" driven by the AI boom, speculative trading in Asian semiconductors, and the massive SpaceX IPO is unlikely to be repeated.
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