After approximately three weeks in public markets, SpaceX’s (SPCX) stock price has dropped to $149 per share, below where it began trading. Now, however, major institutional funds are about to start buying up the stock, and Wall Street is lining up bullish calls.
As SpaceX enters the Nasdaq 100 (^NDX), a cadre of Wall Street’s biggest banks initiated coverage of the company, with nearly unanimous bullish views on the “final frontier.” Here are some of their calls:
JPMorgan Chase
JPMorgan Chase initiated coverage with an Overweight rating and a price target of $225 per share.
“SpaceX’s ambitions — and potential impact on humanity — are bigger than any company’s we’ve ever seen,”…







