Are SpaceX Bulls Deluding Themselves? This Wall Street Analyst Might Convince You So
Yahoo Finance ·
It's been over a month since the Space Exploration Technologies ( SPCX -6.66% ) IPO, and the shine may be starting to come off. SpaceX stock sank below its $135 IPO price for the first time on July 15, and today, it hit an all-time low, closing down 6.7% at $115.26 on a broader sell-off in the software sector. Wall Street, which lined up behind the stock to push the IPO in unprecedented fashion, has released a bullish set of price targets, following the end of the stock's quiet period. Of the 13 analysts covering the stock, the lowest price target belongs to Needham at $200, implying a roughly 70% gain in the stock over the next year.
DYAX Investor Sentiment
Bullish (Long) 49% · Bearish (Short) 51%
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