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Morgan Stanley Has a Strong Message for SpaceX Stock Fans
GuruFocus ·
GuruFocus reports: Morgan Stanley reiterated its Overweight rating and $300 price target on SpaceX , arguing the company's growth outlook makes its valuation more reasonable than headline multiples suggest. Analyst Adam Jonas said SpaceX trades at about 30 times estimated 2028 EV/EBIT, versus roughly 16 times for other mega-cap AI companies. After adjusting for expected growth, however, the stock's multiple falls to about 0.3 times EV/EBIT/growth, around 40% below the peer median. Jonas…