As Space Exploration Technologies Corp. (NASDAQ:SPCX) shares traded in consolidation over the past two weeks, more than a dozen Wall Street analysts initiated coverage of SpaceX stock on July 7, 2027.
On Tuesday, Brian Gesuale, an analyst at Raymond James, initiated coverage of SpaceX stock with a ‘Strong Buy’ rating. He also set his 12-month price target for SpaceX stock at $800, signaling a nearly 400% bull rally.
Brian Dobson, an analyst at Clear Street, set a price target of $217 for SPCX stock. Jonathan Siegman, an analyst at Stifel Nicolaus, set his 12-month price target of $190 for SPCX stock.
Ken Gawrelski, an analyst at Wells Fargo, set a 12-month price target of $230 for SPCX stock. John Goyn, a Wall Street analyst at Citigroup Inc. (NYSE: C), set a price target of $200. Adam Jonas, an analyst at Morgan Stanley (NYSE: MS), set a 12-month price target of $300.
Eric Sheridan, an analyst at Goldman Sachs Group Inc. (NYSE: GS), set his 12-month SPCX stock price target at $205. John Hodulik, a Wall Street analyst at UBS, set a price target of $210 for SpaceX shares.
Louie DiPalma, an analyst at William Blair, initiated coverage of SPCX with a buy rating but did not set a specific price target for SpaceX stock. Douglas Harned, an analyst at Bernstein, set a 12-month price target of $239 for SpaceX stock.
Doug Anmuth, a Wall Street analyst at JPMorgan Chase & Co. (NYSE: JPM), set a 12-month price target of $225 for SPCX shares. Jonathan Atkin, an analyst at RBC Capital, set a price target of $225.
Paul Golding, an analyst at Macquarie, set a $250 price target. Meanwhile, Colin Canfield with Cantor Fitzgerald, Brett Linzey at Mizuho Securities, and Ryan Koontz from Needham set a 12-month price target for SpaceX stock at $246,$200, and $200, respectively
As such, 26 analysts surveyed by TipRanks have set an average 12-month price target of $216.48 for SpaceX stock.
SpaceX stock price performance
Since its June IPO (Initial Public Offering), SPCX stock price has not closed below its debut value. At press time, SPCX stock traded at about $160.42, up over 18% from its IPO price.
As such, Wall Street analysts expect SpaceX stock to rally nearly 35% over the next 12 months.
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