Investors Who Get In on SpaceX Now Could See Their Money Multiply for 1 Reason
SpaceX stock is down 20% since its post-IPO highs.
Overview
When SpaceX (NASDAQ: SPCX) was preparing for its IPO, Morningstar analysts warned investors that the best buying opportunity may not occur immediately.
"We value SpaceX at $63 per share, a 53% discount to the upcoming IPO price," the firm stressed. "Our valuation is the result of mathematics more than skepticism, reflecting a wide range of possible outcomes for the company's financial future."
Details
Ultimately, Morningstar suggested that investors pass on buying into the IPO.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.