Price targets and history don’t provide a guarantee on where a stock can trade, but they can help investors think about weighing risks against rewards. For Space Exploration Technologies (SPCX 5.41%), or SpaceX, that may be especially useful now as the stock is trading under $125 per share as of this writing.

Over the next 12 months, analyst price targets suggest the SpaceX stock price could climb over 80%, but history may have something different in mind for where SpaceX heads next.

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The more bullish case

Based on the ratings of 35 analysts tracked by CNN, the median price target for SpaceX is $225. To offer the full picture, the lowest analyst price target tracked is $131 per share, while the highest is…