SpaceX Receives CFRA's Sell Rating: Has the Frenzy Peaked?
SpaceX shares still gained 4.83% today, holding above $200, but Wall Street's sell rating has landed, with CFRA analysts warning current valuations have decoupled from fundamentals. Even Reddit retail traders joke that 'nobody is buying SPCX on fundamentals.' After surging dramatically since listing, shares gave back gains sharply intraday as bulls citing a '$2 trillion narrative that has left Earth' clashed with the first short call. With the first sell rating now on record, how much longer can retail euphoria hold — will you keep chasing, or start taking profits?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments