Raymond James analyst Brian Gesuale set SpaceX's highest price target yet at $800, implying 425% upside from current levels. The bullish call is based on Starship's potential to revolutionize space transportation and enable orbital data centers. However, the analyst cautions that the target relies on aggressive assumptions about Starship's timeline, orbital compute market size, and the AI sector's continued growth.

The Florida Chapter of NIRI has elected its Board of Directors for the 2026-2027 program year, with Charlotte Murnan as incoming President. The chapter, representing investor relations professionals from public corporations and financial services firms across Florida, aims to focus on membership growth, engaging programming, and networking opportunities for IR professionals.

Raymond James initiated coverage of SpaceX with an $800 price target, implying over 400% upside based on speculative future businesses like Earth-to-Earth cargo transport and space data centers. However, the analyst argues this valuation is unrealistic, as it values SpaceX at over $10 trillion despite current operating losses, and the company faces significant technical, regulatory, and economic hurdles to realize these ambitious projects.

Atlas Salt Inc. has entered into an agreement with Ventum Financial Corp. and Raymond James Ltd. to raise $10 million through a bought deal private placement of 8.33 million common shares at $1.20 per share. The net proceeds will fund early works, site preparation, engineering, permitting, and project financing for the Great Atlantic Salt Project. The offering is expected to close on June 11, 2026, subject to TSX Venture Exchange approval.

Atlas Salt Inc. announced a $10 million bought deal financing through a firm commitment offering of 8.33 million common shares at $1.20 per share, with underwriters Ventum Financial Corp. and Raymond James Ltd. The proceeds will fund preliminary work, engineering design, permitting, and environmental studies for the Great Atlantic Salt Project, with closing expected around June 11, 2026.

Value investor John Dorfman highlights five underperforming stocks that have remained flat over the past year but show promise for future growth. These 'Do-Nothing Club' stocks include Raymond James Financial, Gentex Corp, EQT Corp, Banner Corp, and Korn Ferry, which Dorfman believes are overlooked by analysts despite strong fundamentals. Historically, his Do-Nothing Club recommendations have averaged 16.6% annual returns versus 10.4% for the S&P 500.

South Street Securities Holdings Inc. announced the acquisition of 100% equity interest in Lime Funding LLC, an asset-backed commercial paper conduit, on February 28, 2026. The acquisition integrates Lime Funding into South Street's securities finance platform in partnership with GreensLedge Advisors LLC and Sumitomo Mitsui Trust Bank, aiming to expand scalable funding solutions for corporate borrowers and investors.

AeroVironment stock surged 20% at market open following the Iran attack, as investors favored defense stocks. However, the gains reversed when Space News reported that the Pentagon is reopening the $1.4 billion SCAR contract for competitive bidding, which had been awarded to AeroVironment's BlueHalo subsidiary. This contract represents nearly half of the company's $2.8 billion backlog. Raymond James responded with a triple downgrade from strong buy to underperform, sending the stock down 19.7% by day's end.

Market sentiment has shifted from 'AI-phoria' to 'AI-phobia,' causing significant selloffs in Software, Brokers, Insurers, and Asset Managers. Investors fear AI-native tools will disintermediate traditional service providers, compressing valuations across these sectors. While forward P/E ratios have fallen dramatically, the core concern remains whether earnings durability will hold as AI competition intensifies.

Raymond James Financial announced it has agreed to acquire Clark Capital Management Group, a Philadelphia-based asset management firm with $46 billion in assets under management. The acquisition, expected to close in Q3 2026, will see Clark Capital operate as an independent boutique within Raymond James Investment Management while maintaining its brand and leadership team. The deal strengthens Raymond James' multi-boutique asset management structure and positions it as a leading player in advisor-focused channels.

Rio2 Limited has expanded its mining operations by increasing a financing deal from C$140 million to C$166 million to support the acquisition of the Condestable Mine in Peru, positioning itself as a diversified Latin American gold and copper miner.

The article highlights three finance stocks that could underperform in 2026 due to potential economic challenges, including lower interest rates and credit market risks.