PhillipCapital has upgraded its rating on SpaceX from a sell to a buy, signalling a shift in the brokerage’s view of the electric‑vehicle and space‑flight company’s prospects.
The upgrade comes as the firm cites SpaceX’s growing artificial‑intelligence business as a key driver of future growth. No further details were provided about the specific AI initiatives that prompted the change.
With the new rating, PhillipCapital is encouraging investors to consider adding SpaceX shares to their portfolios, reflecting the brokerage’s confidence in the company’s strategic direction.
Market participants will likely monitor how the rating shift influences trading activity and whether other analysts follow suit.
As the rating change is the latest update on SpaceX’s valuation, investors should review the full research note for a comprehensive assessment of the company’s financials and growth prospects.
<small>Source: CNBC — read the original story there.</small>