Analysts initiate coverage on SpaceX with buy ratings and price targets up to $300, projecting 40%-100% gains from current levels.
SpaceX shares, trading near $150 after a volatile debut, opened at that level in June before surging to $225.64 and retreating. A $2,000 investment buys roughly 13 shares at the current price, reflecting market uncertainty over valuation.
Six major banks initiated coverage with buy-equivalent ratings, setting a consensus 12-month target of $210. Morgan Stanley issued an overweight rating with a $300 target, implying potential gains of 40%-100% for investors. The stock’s early volatility underscores divergent views on the company’s worth.
Analyst projections, while not guarantees, have fueled investor interest in the newly public rocket launch business.