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SpaceX shares drop about 13% post-earnings… analysts back long-term outlook

CNBC TV +1 ·

SPCX Space Exploration Technologies Corp
$108.29 -13.60%
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  1. 1SpaceX (SPCX) shares fell roughly 13% on Wednesday to around $109
  2. 2Bank of America maintained a Buy rating with a $235 target, while Deutsche Bank cut its target from $255 to $235
  3. 3Analysts said the first post-IPO earnings results reinforce the long-term growth outlook and remained positive despite capital expenditure concerns

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