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Analysts update SPCX stock price target

Analysts update SPCX stock price target

As SpaceX (NASDAQ: SPCX) was undertaking its successful Starship Flight 14 rocket test on Monday, September 28, Wall Street made itself busy revising its ratings and price targets for the firm’s equity.

Indeed, the day witnessed no fewer than eight notes from prominent stock market analysts, each offering a bullish outlook for SPCX stock.

CLSA and Bernstein’s Douglas Harned proved the most optimistic, with the former forecasting SpaceX stock would rise to $250 in the next 12 months, and the latter to $248 – 71.86% and 70.48% rallies from the latest $145.47 close, respectively.

Edison Yu from Deutsche Bank proved almost as bullish as he, along with issuing a ‘Buy’ recommendation, estimated SPCX stock would rally…

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