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SPCX 1st Sell rating and 115 target - stock at 165 when news hit
Investor summaryBearish
CFRA analyst initiates SPCX with Sell and $115 target, backed by his accurate bearish track record on CHTR, ZM, and MAT.
Bear points
- CFRA analyst Keith Snyder initiates SPCX with a Sell rating and a $115 target, implying significant downside from the $165 news release price.
- Snyder has a strong track record of accurate bearish calls, having correctly predicted major drops in CHTR, ZM, and MAT after issuing Sell ratings.
Post body
https://preview.redd.it/42rtn9tuvv6h1.jpg?width=6048&format=pjpg&auto=webp&s=273b37f7824636dc3a11e434da3e3f30b7a4cb29
CFRA analyst Keith Snyder rate SPCX at Sell and a target of 115. That's a loss of -14.8% at the IPO price and -30.3% at news release. Keith Snyder's previous 3 sell ratings have proved to be timely. He downgraded CHTR to sell Dec 2025 with a target of 165 and CHTR is 141.82 now. Back in 2020, Snyder downgraded ZM to Sell with 215 when ZM was 568, it's now at 94. Finally, he issued a Sell on MAT in 2018 with 11 target. MAT traded near 9 the same year.
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