SpaceX Stock Could Reach $600, According to Morgan Stanley. Here’s How.
Behind the eye-popping $600 price target lies a tower of assumptions.
Overview
Shares of Space Exploration Technologies Corp. (NASDAQ:SPCX) could climb to $600, according to Morgan Stanley analyst Adam Jonas. This “bull case” would value the company at a whopping $8 trillion, making it the largest in the world.
Jonas originally initiated coverage on July 7 with an overweight rating and a price target of $300. He reaffirmed the rating on Tuesday.
Details
Here’s how he thinks that could happen and what the rest of Wall Street thinks about SpaceX stock.
Source
Originally published at www.fool.com.
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