A fresh batch of analysts, 15 in total, have recently issued new ratings for Space Exploration Technologies (NASDAQ: SPCX).
One among them was particularly notable for its optimism, as it forecasts the company’s share price will climb to $800 over the next 12 to 18 months
That, however, was mostly an outlier view. Based on the bulk of those new ratings, the price range where SpaceX stock is likely to trade a year from now is significantly lower. How high could the SpaceX stock price climb by 2028?
The time frame for analysts’ price target forecasts is generally between 12 and 18 months. In this case, let’s view them through the 18-month lens. That gives SpaceX more time to potentially reach them, making them more achievable and more useful for investors to consider.