If you thought $400 per share was a high price target for SpaceX, think again!
Today, Raymond James initiated coverage of SpaceX stock.
Rating: Buy
Price target: $800
You read that right!
Almost 400% higher than the current price.
If you think they exaggerated
It's not just them; Citi also notes an even higher price target.
Citi reports that SpaceX has the potential to reach a value of over $900 per share.
Citi rates SpaceX with a "buy" rating and a price target of $200 as of today, but notes that a value of $900 or more becomes realistic as key engineering milestones are achieved.
According to them, the Starship spacecraft could open up space markets worth trillions of dollars,
Citi also sees SpaceX as a dominant force in both artificial intelligence and global connectivity.
According to them, no other company can realistically realize these opportunities on such a scale.