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Space Exploration Technologies (NASDAQ: SPCX) fell more than 6% as Nasdaq 100 futures slid at triple the pace of the S&P 500, dragged lower by rising Treasury yields and a soft ADP jobs report.
• Micron Technology and General Motors have signed a Strategic Customer Agreement covering long-term memory and storage supply.
• Roth Capital Raises Target to $130: The firm increased its price target from $100 while maintaining a Buy rating, citing the transformative Iridium acquisition.
• Wedbush Initiates at Outperform: Analyst Sam Brandeis started coverage with a $190 price target, calling SpaceX "one of the most differentiated assets" in tech.
• BofA Raises Target to $36: Bank of America increased its price target to $36 from $25 while maintaining a Neutral rating, citing improving prescription trends.
• UBS Upgrades to Buy: Analyst Kaio Prato upgraded DLocal to Buy from Neutral with a $20 price target, up from $16.
• DRAM and NAND Both Quadrupled: Both major memory chip categories have seen prices quadruple over the past year, driven by AI data center demand.
• Goldman Sachs Raises Target to $121: Analyst James Yaro increased the price target from $108 while maintaining a Buy rating.
• $300 Billion WFE Spending Projected: Susquehanna's channel checks point to semiconductor equipment backlog growth and wafer fab spending potentially reaching $300 billion.
• Broad-Based Upgrade Wave: Multiple major research firms simultaneously raised targets across logic chips, memory, equipment, and space infrastructure stocks.
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