Analysis
SpaceX Initiated, Salesforce Upgraded: Top Analyst Calls
Analysts initiated coverage on SpaceX with a Buy rating, and Deutsche Bank upgraded Salesforce (CRM) from Hold to Buy, raising the price target.
July 1, 2026
2 min read
Source: The Fly
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Wall Street saw notable analyst rating changes today, with coverage initiated on SpaceX with a positive rating and Deutsche Bank upgrading Salesforce (CRM) from "Hold" to "Buy".
Rating Changes
- SpaceX: Initiated with a "Buy" rating by a Wall Street analyst (analyst name and price target not yet disclosed).
- Salesforce: Deutsche Bank upgraded the stock from "Hold" to "Buy" with a raised price target (new target not announced).
Analyst Rationale
- SpaceX: The analyst sees a competitive advantage in the commercial space sector, with promising government contracts and growth in Starlink services.
- Salesforce: Deutsche Bank believes the company benefits from improved enterprise software spending and cost-cutting measures boosting profitability.
Context
- SpaceX: Previously not covered by analysts, this initiation may signal expectations of a future IPO. The stock is not publicly traded.
- Salesforce: The stock has risen about 15% over the past month but remains 10% below its 52-week high.
What to Make of It
The new ratings reflect positive sentiment in the space and software sectors, but investors are advised to await full details including price targets.
Frequently Asked Questions
An analyst initiated coverage on SpaceX with a Buy rating, and Deutsche Bank upgraded Salesforce from Hold to Buy.
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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.