Wall Street Has a New SpaceX Bull, And This Is How High the Stock Could Soar

Evercore ISI initiated coverage on SpaceX with an Outperform rating and a $230 price target. The note adds a high-profile bullish catalyst as newly public shares cool off, but it’s primarily analyst-driven sentiment rather than a fundamental change.

Analysis

Evercore ISI initiated coverage on SpaceX with an Outperform rating and a $230 price target. The note adds a high-profile bullish catalyst as newly public shares cool off, but it’s primarily analyst-driven sentiment rather than a fundamental change.