Is SpaceX Actually Worth $10 Trillion?
There's a lot that needs to go right.
Overview
Wall Street is generally bullish on Space Exploration Technologies (NASDAQ: SPCX) shares. The average price target for the space stock is $232 as I write this, implying roughly 50% upside. More than 30 analysts currently cover the company known as SpaceX, the majority of whom have a "buy" rating on its shares. Only two analysts currently have a "sell" rating.
The most bullish analyst, Brian Gesuale of Raymond James, has an astounding $800 price target on shares. That would value SpaceX at $10 trillion.
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Details
Source
Originally published at www.fool.com.
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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.