Only one SpaceX analyst out of all the bulls Tuesday is calling for the stock to drop. Here's why

MoffettNathanson initiated coverage of SpaceX with a neutral rating and a $131 price target, implying 18% downside versus the stock’s latest close. While the stance is not bearish, the target suggests the market may already be pricing in more optimism than warranted.

Analysis

MoffettNathanson initiated coverage of SpaceX with a neutral rating and a $131 price target, implying 18% downside versus the stock’s latest close. While the stance is not bearish, the target suggests the market may already be pricing in more optimism than warranted.