SpaceX Is Trading Near Its $135 Offering Price. Wall Street Analysts Say This Is What Happens Next.
Wall Street analysts believe there is more upside in SpaceX shares from here. Are they right?
Overview
After a few months, Space Exploration Technologies (NASDAQ: SPCX) stock has gone on a wild ride, but it now trades right around its initial public offering (IPO) price of $135. Wall Street analysts are much more optimistic about the stock, with an average price target of $218 across the industry.
Many Wall Street analysts believe that SpaceX's radical ambitions for artificial intelligence (AI) and space-based services will set the record-breaking IPO to the stratosphere, and that the stock price will keep moving higher. But are they right?
Details
Here's a breakdown of SpaceX's business ambitions and whether you should follow Wall Street and buy its stock today.
Source
Originally published at www.fool.com.