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Wall Street banks are sky-high about SpaceX, but investors remain cautious
Analysts issued buy ratings on nearly all 19 notes, with a median price target of $250 and some warnings about Starship and regulation.
- On Tuesday, Wall Street banks including Raymond James initiated coverage of Space Exploration Technologies with bullish ratings following expiration of the SpaceX IPO's 25-day quiet period.
- Analysts view SpaceX as a defining industrial infrastructure company of the 21st Century, comparing its potential to railroads and the Internet, with Starship poised to tap a roughly $30 trillion total addressable market.
- Raymond James set an $800 price target implying 399% upside from Monday's close, citing Starship's potential to transform orbital launch into a commercial aviation-like network with declining unit costs.
- While most analysts remain bullish, equity research firm MoffettNathanson issued a "Neutral" rating projecting the stock will eventually sit at $131 per share; SpaceX currently trades around $152.
- Analysts acknowledge potential delays in establishing a steady Starship launch schedule pose risks to forecasts, though SpaceX remains focused on deeper exploration including a planned Mars colony.
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Wall Street reveals hugely bullish SpaceX calls, expects 47% growth
Wall Street on Tuesday revealed hugely bullish calls for Elon Musk’s SpaceX after it started equity research coverage on the space firm, even as the stock largely trades on AI enthusiasm – not actual earnings.
·New York, United States
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SpaceX sinks despite flurry of bullish analyst initiations on quiet period expiration day
SpaceX shares move back toward the June 12 IPO opening price of $150 as the quiet period expires, allowing underwriters to publish research for the first time - nearly all bullish.
·United States
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Large banks participating in the IPO have been allowed to publish their stock analyses since Tuesday. Even if almost everyone advises to buy, the share is under pressure on the first day in Nasdaq.
·Düsseldorf, Germany
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Total News Sources33
Leaning Left12Leaning Right5Center5Last UpdatedBias Distribution54% Left
Bias Distribution
- 54% of the sources lean Left
54% Left
L 54%
C 23%
R 23%
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