Deutsche Bank predicts an improved outlook for SpaceX stock
2026-08-23 20:40:22
According to CoinMeta, analysts at Deutsche Bank predict that the outlook for SpaceX stock (Nasdaq: SPCX) has improved, despite the stock closing in the red last week. There was once optimism at the beginning of August. Last week, the price of SpaceX stock fell by 2.16% from opening to closing; it reached a high of $149.8 on Monday and dropped to a low of $130 on Thursday. Analysts believe that SpaceX could increase its average recurring revenue (ARR) from about $31.3 billion to $100 billion. Analyst Shay Boloor stated that artificial intelligence is rapidly becoming the main source of revenue for SpaceX in its next phase of growth. Although the company has just successfully launched 27 new satellites, market demand for its stock seems to be weakening. Deutsche Bank's forecast may provide momentum for the next round of upward movement in the price of SPCX stock.
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Source:The Coin Republic
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