ME News reports that on July 7 (UTC+8), global brokerages began initiating coverage on Elon Musk’s SpaceX (SPCX.O), with Wall Street initially forming a consensus to buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have issued buy ratings, expressing confidence in its long-term growth potential, despite lingering concerns about profitability and valuation. In a report on July 7, Morgan Stanley analysts stated: “SpaceX can scale the conversion of energy into intelligence and commercialize it through consumer and enterprise solutions in the AI era.” Their price target of $300 is currently the highest among Wall Street investment banks, implying an 87% upside from Monday’s closing price of $160.42. The analysts believe SpaceX’s stock could range from a bear-case low of $75 to a bull-case high of $600, with revenues projected to reach $319 billion by 2030 and $3.3 trillion by 2040. (Jinshi) (Source: BlockBeats)
Six Wall Street firms rate SpaceX as a Buy, with Morgan Stanley setting a $300 target price.
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Summary
Six Wall Street firms, including Morgan Stanley, Goldman Sachs, and UBS, have rated SpaceX (SPCX.O) as a "buy." Morgan Stanley set a $300 price target—the highest on Wall Street—indicating an 87% upside potential from its July 7 closing price of $160.42. The firm also projects revenue to reach $319 billion by 2030 and $3.3 trillion by 2040.
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