SpaceX Stock Has Stumbled Since Its IPO. History Says It Could Be Up by This Much in 1 Year.
New arrivals on the stock market often generate plenty of early hype. Their average early returns are less exciting.
Overview
Space Exploration Technologies (NASDAQ: SPCX) stock has been on a wild ride since the company went public just over a month ago. As of this writing, its share price is below its first-day opening price of $150.
But where might it be in 12 months?
Details
A host of Wall Street analysts recently weighed in, setting a wide range of price targets for SpaceX stock, from $300 to $800. A more realistic forecast, however, based on two decades of IPO history, is that 11 months from now, its shares will be around $156.
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.