Wall Street Sees 60% Upside for SpaceX Stock
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Why analysts see up to 100% upside for SpaceX stock
SpaceX stock fell another 1.6% on Wednesday after closing about 1% lower Tuesday, extending a pullback even as analysts raised their expectations for the company’s artificial intelligence business. The decline came as the broader market moved higher. The S&P 500 rose 0.5%, while the Nasdaq Composite gained 0.4% and the Dow Jones Industrial Average added 390 points, or 0.7%, helped by gains in Nvidia and Johnson & Johnson. Stocks have faced press…
SpaceX (SPCX) Stock: Bernstein Sets $248 Target Amid Explosive AI Growth Projections
SpaceX (SPCX) stock gets $248 price target from Bernstein, citing massive AI revenue growth. Turbine blade plans impact power sector stocks. The post SpaceX (SPCX) Stock: Bernstein Sets $248 Target Amid Explosive AI Growth Projections appeared first on Blockonomi.
Twenty-two banks split $500 million to take SpaceX public. Twenty-five days later, almost all investors recommended buying the stock. SpaceX is now trading at $143, but price targets of up to $800 are still in effect. There were celebrations of a kind rarely seen when SpaceX listed on the Nasdaq in June. Goldman Sachs displayed rocket models in the lobby of New York, Morgan Stanley decorated elevators and entrances with Mars images, and JPMorgan…
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