Analysts set price targets up to $800 for SPCX, citing strong launch services and government contracts post-$75 billion IPO.
Major brokerages initiated coverage on SpaceX (SPCX) with predominantly buy ratings after the 25-day post-IPO quiet period expired. The stock, priced at $135 in June’s $75 billion offering, trades at $150.93, down 6% from recent highs but above its IPO price.
Goldman Sachs and Morgan Stanley led underwriters with buy-equivalent ratings, setting price targets of $205 and $300, respectively. Other firms, including Bank of America and JPMorgan, issued similar ratings, with targets reaching as high as $800, reflecting optimism about SpaceX’s satellite broadband and government contracts.
Analysts highlighted the company’s dominance in launch services and expanding Starlink broadband as key growth drivers. The coverage follows a period of limited research after the June IPO.