Serenity questions Raymond James' "Strong Buy" rating logic for SPCX, calling its research report "speechless"

Odaily Odaily reports that "White Hair Stock God" Serenity posted, stating that Raymond James Financial has initiated coverage on SPCX with a "Strong Buy" rating and set a price target of $800, a significant increase from the previous $160.

In response, Serenity said this price target implies a valuation of $10 trillion for SpaceX, adding that he is "speechless" regarding this. He sarcastically remarked that the so-called "institutional research report" intended for retail investor interpretation speaks volumes by its very content.