SpaceX Was Just Flooded With Buy Reports Across Wall Street. Do Analysts Know Something Retail Investors Don't?
Several Wall Street analysts just initiated coverage of SpaceX stock.
Overview
This week, a wave of equity research reports from sell-side analysts was released on Space Exploration Technologies (NASDAQ: SPCX). The big takeaway is that Wall Street is overwhelmingly bullish on SpaceX stock.
With so many banks publishing their first formal reports on SpaceX and coming to the same optimistic outlook, it begs the question: Does Wall Street know something retail investors don't?
Details
When a company completes its initial public offering (IPO) and its shares begin trading, a quiet period begins. This window typically lasts between 25 and 40 days after the newly public company begins trading. During the quiet period, the investment banks that underwrote the IPO are prohibited from issuing forward-looking statements, promotional material, or equity research analysis.
Source
Originally published at www.fool.com.