As investors drove SpaceX (NASDAQ: SPCX) stock more than 8% higher in overnight trading, Wall Street analysts were also revising their equity price targets in the wake of the firm’s latest earnings report.

Within the almost universally bullish expert chorus, JPMorgan’s (NYSE: JPM) Doug Anmuth came out as the day’s biggest optimist. 

Specifically, the analyst reiterated his previous ‘Buy’ rating but more than doubled his SPCX stock price target for the next 12 months from $240 to $500. 

Indeed, Anmuth is no longer forecasting a 49.59% rally from $160.44 at press time and is instead estimating SpaceX shares will soar 211.64%.

Additionally, JPMorgan doubled…