- SpaceX (SPCX) stock has settled back to its initial IPO price after reaching a high of $225.
- Wall Street analysts rate SPCX a buy, with JPMorgan and Morgan Stanley issuing Overweight ratings and price targets of $225 and $300 respectively.
- Institutional funds are expected to begin buying the stock, and SpaceX’s Nasdaq-100 addition adds to its appeal.
- CEO Elon Musk has stated that SpaceX will become one of the biggest companies ever.
Since its blockbuster IPO launch in June, SpaceX (SPCX) stock has settled back to around its initial price after hitting as high as $225. However, major institutional funds are about to start buying, and Wall Street analysts rate the stock a buy.
JPMorgan Chase recently initiated coverage with an Overweight rating and a $225 price target. “SpaceX’s ambitions — and potential impact on humanity — are bigger than any company’s we’ve ever seen,” its analysts wrote.
Meanwhile, Morgan Stanley also sees SpaceX as a solid buy, setting an Overweight rating and a $300 target. “SpaceX combines near-monopoly launch economics, the world’s largest LEO satellite network, and a fast-scaling AI infrastructure business,” they noted.
Consequently, the stock’s addition to the Nasdaq-100 and Elon Musk’s trillionaire status continue to draw investor attention. Nevertheless, some analysts advise patience, as upside potential remains a bigger driver than actual revenue versus valuation.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
