Serenity questions Raymond James Financial's logic behind "Strong Buy" rating for SPCX, calling the report "speechless"

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

In response, Serenity stated that this price target implies a valuation of SpaceX reaching $10 trillion, and remarked that he is "speechless" about it, joking that the so-called "institutional research report" meant for retail investors' interpretation speaks for itself in its content.