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SpaceX (NASDAQ:SPCX) Trading Up 6.1% – Here’s Why
['Tristan Rich']
Markets Daily
SpaceX (NASDAQ:SPCX – Get Free Report)’s stock price rose 6.1% during trading on Thursday .
SpaceX News SummaryHere are the key news stories impacting SpaceX this week:Get SpaceX alerts:Positive Sentiment: Strong first public earnings report: Second-quarter revenue rose 91.9% year over year to $7.81 billion, while the $0.09-per-share loss was narrower than the $0.26 loss analysts expected.
Bernstein raises SpaceX price targetManagement is targeting more than 2 gigawatts of computing capacity this year, projected additional cloud revenue, and long-term revenue of up to $1 trillion by 2030.
Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company’s stock.
SpaceX Price PerformanceSpaceX (NASDAQ:SPCX – Get Free Report) last issued its earnings results on Tuesday, August 4th.