Analyst Price Targets Are Out for SpaceX, and You Won't Believe How High Some of Them Are
It isn't just investors who are bullish about SpaceX; some analysts also have rosy outlooks for the business.
Overview
Space Exploration Technologies (NASDAQ: SPCX) went public about a month ago, and many investors hope the company will revolutionize tech, space travel, and even the telecom sector. With a diversified business model, the company, also known as SpaceX, has significant potential. In its S-1 filing, it outlined a total addressable market of $28.5 trillion.
There has been plenty of excitement from retail investors looking to buy the stock despite its rich valuation. And even analysts have also shown themselves to be incredibly bullish. Recently, there's been a flurry of analyst price targets released, and I was shocked at some of them.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.