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Pivotal Research Group raised its target from $220 to $230 and maintained a Buy rating. SpaceX shares were up about 1% in Monday morning trading. The analyst cited the company's potential U.S. wireless-market entry through a proposed $8 billion spectrum acquisition.
Pivotal Research raised its SpaceX price target after the company agreed to acquire nationwide wireless spectrum from Grain Management. The supplied report says analyst Jeffrey Wlodarczak increased the target to $230.