Here Are Monday’s Best Wall Street Analyst Research Calls: Accenture, Caesars Entertainment, Datadog, Dupont, Epam Systems, Ferrari, Paychex, Rocket Lab, TeraWulf, and More Quick Read – SpaceX (SPCX) shattered IPO records by raising $75 billion, while Truist upgraded Datadog…
DOG) to Buy with a target jumping to $300. – Morgan Stanley downgraded Accenture (ACN), slashing its target to $177, while KeyBanc upgraded Rocket Lab (RKLB) to Overweight at a $135 target. – An expected Iran peace deal drove oil down nearly 4% while Bitcoin rebounded to $66,119 on improving risk appetite. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Accenture didn’t make the cut. Grab the names FREE today
Pre-Market Stock Futures: Futures are exploding higher on news of a peace deal with Iran expected to be signed this Friday. This follows a historic Friday that saw the coming-out party of Space Exploration Technologies (NASDAQ: SPCX), widely known as Elon Musk’s SpaceX. The record-breaking size of the offering, raising $75 billion, the company’s debut easily shattered the previous record set by Saudi Aramco’s 2019 listing, which raised $29.4 billion.
The stock surged to open at $150 per share, briefly pushing the company’s valuation past $2.25 trillion. The massive IPO helped lift all major indices, which finished higher on Friday. The Dow Jones Industrial closed the day at 51,202, up 0.70%, while the S&P 500 finished the session at 7,431, higher by 0.50%.