Wall Street Is Bullish on SpaceX: Here Is What a $2,000 Investment Could Return
Yahoo Finance ·
For years, the only way to own a piece of Elon Musk's rocket company was to be an insider or a venture fund. That changed in June, when Space Exploration Technologies ( SPCX 4.51% ) , better known as SpaceX , became publicly traded. Now that anyone with a brokerage account can buy in, a fair question follows: What could a modest $2,000 stake actually turn into? SpaceX opened its first day of trading at $150, and after a volatile debut period in which it surged to a high of $225.64 in just a few days, it has retreated back toward that opening price. Today, it again trades at around $150 per share. At that price, $2,000 would buy about 13 shares. That is the starting point for every scenario below, and it is worth remembering that the stock has already swung hard in its first weeks, a sign of how much disagreement exists about what the company is worth. The analyst community leans bullish. Six major banks began coverage with buy-equivalent ratings on the stock, and the consensus 12-month target sits near $210.
DYAX Investor Sentiment
Bullish (Long) 54% · Bearish (Short) 46%
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