1 AI Stock to Buy Before It Soars 129%, According to a Wall Street Analyst (Hint: the CEO Is Elon Musk)
SpaceX stock could more than double in the next year as its booming artificial intelligence business continues to grow.
Overview
Shares of Elon Musk's Space Exploration Technologies (NASDAQ: SPCX) have fallen 35% from their post-IPO high, but Wall Street says the stock is deeply undervalued. Among 40 analysts, the median target price is $217 per share, implying 65% upside from its current share price of $131.
Adam Jonas at Morgan Stanley is particularly optimistic. Shortly after SpaceX went public, Jonas put a buy rating on the stock and set his target at $300 per share. That implies 129% upside from its current price.
Details
Here's what investors should know.
Source
Originally published at www.fool.com.
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