Morgan Stanley Lifts SpaceX Price Target to $300 as Nasdaq 100 Member
SPCX•Morgan Stanley raised its price target on SpaceX to $300, the highest among major brokerages, following its qualification for the Nasdaq 100 index. SpaceX's inclusion in the benchmark will take effect ahead of the index's next quarterly rebalance, boosting its market visibility among index funds.
1. MS Sets Street-High Price Target
Morgan Stanley raised its 12-month price target on SpaceX to $300, the highest projection among leading brokerages, citing robust demand for its Starlink broadband service and anticipated launch cadence improvements.
2. Index Inclusion Spurs Demand
SpaceX officially met the criteria for Nasdaq 100 inclusion, effective at the upcoming quarterly rebalance. This entry is expected to drive passive inflows from index funds and enhance trading liquidity.
