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Here’s how much £5,000 invested in SpaceX stock could be worth in 12 months…
['Alan Oscroft', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
But the wild range of broker price targets includes extreme optimism…Extreme optimismBrian Gesuale, analyst at Raymond James Financial, kicked us off earlier this month with an $800 price target — approaching seven times the current SpaceX stock valuation.
Hmm, why am I reminded of US investor Cathie Wood's $2,600 price target for Tesla by 2029?
Among recent SpaceX targets, the $239 suggested by Bernstein seems like a more plausible 12-month goal to me.
That wasn't actually a broker price target, but consensus estimates are including it as the bottom of the range.
Morgan Stanley, with a $300 target on SpaceX stock, predicts Starlink revenue rising from $11.4bn in 2025, to $121bn in 2030… and to $688bn by 2040.