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SpaceX-linked SPCX stalls near $148 after Pivotal $220 buy target

SPCX erased an early advance and hovered near $147.92 after Pivotal Research reiterated a Buy rating with a $220 price target. The target implies about 48.7% upside versus the market price.

SPCX

SpaceX NASDAQ:SPCX, the rocket-launch and satellite-internet company, received a fresh Buy rating and a $220 price target from Pivotal Research on Tuesday. 7% above the market price.