1 Wall Street Analyst Sees Spacex's Stock Soaring by Over 450%. What Are the Chances of It Happening?
It would require returns that run counter to historical experience.
Overview
Space Exploration Technologies (NASDAQ: SPCX) (SpaceX) set a stock market record with its initial public offering on June 12. The company raised $75 billion and began with an initial valuation of $1.77 trillion. The average investor couldn't invest at SpaceX's $135 IPO price, so many are now sitting in the red, with the stock down over 28% from its June 16 high.
Despite SpaceX's rough start since its IPO, there's one Wall Street analyst who sees the stock skyrocketing (no pun intended) by over 450%. It's undoubtedly a bold prediction, but should investors buy into the hype? Let's see.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.