Wall Street Analysts Are Predicting a Huge Move in SpaceX Stock by Mid-2027
Should you buy shares of Space Exploration Technologies now or wait?
Overview
Space Exploration Technologies (NASDAQ: SPCX), better known as SpaceX, has seen its stock price tumble since it made its market debut in June. After climbing to more than $200 per share shortly after its initial public offering (IPO), the stock now trades at about $108 (as of July 31).
Most investors knew the stock price of the unprofitable, capital-intensive business would be volatile once it started trading, and that volatility doesn't appear to be going away. Wall Street analysts see a huge move in SpaceX's stock price by next summer, according to their price targets. Here's what investors can expect.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
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.