Bernstein: Launches coverage study on SpaceX, target price $239
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Raymond James: Gives SpaceX a "Strong Buy" rating with a target price of $800.
According to Mars Finance, on July 7, Raymond James initiated coverage of SpaceX with a "strong buy" rating and a target price of $800.
SpaceX receives its first "buy" ratings from global brokerages, with Morgan Stanley leading the pack with a target price of $300.
PANews reported on July 7th that, according to Jinshi, global brokerages have begun coverage research on Elon Musk's SpaceX (SPCX.O), and a preliminary consensus has been reached on Wall Street: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have given it a buy rating, expressing optimism about its long-term growth prospects, despite remaining concerns about profitability and valuation. In a report dated July 7th, Morgan Stanley analysts stated, "SpaceX can convert energy into intelligence on a large scale and commercialize it through AI-driven consumer and enterprise solutions." Their target price is $300, currently the highest among Wall Street investment banks, implying an 87% upside from Monday's closing price of $160.42.
Macquarie gives SpaceX an "Outperform" rating with a target price of $250.
Odaily Odaily reports that Macquarie has launched coverage research on SpaceX (SPCX.O), giving it an "Outperform" rating and a target price of $250. (Golden Ten)
Bernstein: Maintains year-end target price of $150,000 for Bitcoin; current pullback is still weaker than historical cycles.
According to Mars Finance, on July 7th, despite a roughly 54% drop in Bitcoin's price from its October 2025 high of nearly $125,000, Bernstein maintained its year-end target price of $150,000. Bernstein believes that the current pullback is significantly less than the 75% to 90% declines commonly seen at the end of historical cycles, indicating a shift in market structure. In the current context of low market sentiment, Wall Street's clear target prices provide a price anchor, while historical retracement frameworks help traders assess risk. If this cycle follows historical trends, the market may still decline further, but institutional assessments of the subsequent recovery are still worth noting. The firm points out that the previous high of nearly $125,000 in October 2025 remains a significant resistance level; based on a historical 75% retracement, the corresponding price is approximately $31,000, which can be considered a key failure zone. Going forward, we will focus on whether the inflow of funds into Bitcoin spot ETFs and spot demand will rebound, as these are important signals for judging whether the market has entered a recovery phase.
SpaceX IPO quiet period ends, Wall Street institutions scramble to upgrade ratings
According to Odaily Odaily, with the end of the 25-day quiet period following SpaceX's (SPCX) June IPO, Wall Street analysts have begun releasing formal research reports, with several major brokerages giving it a positive rating, indicating that institutional investors remain optimistic about the company's long-term growth potential. As underwriters for the IPO, Goldman Sachs and Morgan Stanley both gave SpaceX a buy-equivalent rating. Goldman Sachs analyst Eric Sheridan set a target price of $205, while Morgan Stanley analyst Adam Jonas gave a target price of $300. In addition, Bank of America, Citigroup, Deutsche Bank, JPMorgan Chase, UBS, and other institutions also initiated coverage, giving buy or equivalent ratings. Raymond James Financial gave the most optimistic forecast, with analyst Brian Gesuale initiating coverage of SpaceX with a "Strong Buy" rating and a target price as high as $800, believing that SpaceX will become "one of the most representative industrial infrastructure companies of the 21st century." Analysts believe that the market's optimism about SpaceX is mainly based on its strategic layout in areas such as rocket launches, Starlink satellite internet, and government contracts. At the same time, the company's communications business can provide a continuous source of revenue and support future expansion of launch scale. As of March 31, 2026, SpaceX held 18,712 bitcoins. Wall Street believes that the concentrated coverage following the IPO quiet period provided a window for institutional investors to systematically assess SpaceX's valuation for the first time, and the fact that almost all major institutions simultaneously gave positive ratings is rare for large IPOs. (CoinDesk)
SPCX fell more than 5% intraday, despite several Wall Street firms giving it a "buy" rating and high target price today.
According to BlockBeats, on July 7th, based on BIT (bit.com) market data, SPCX fell over 5% after the US stock market opened, currently trading at $152.3. Earlier today, major Wall Street investment banks released their assessments of SpaceX (SPCX). Raymond James gave a target price as high as $800, almost viewing the company as a combination of next-generation space infrastructure, communication networks, and orbital computing platforms; while most mainstream banks were more cautious, with target prices mainly concentrated in the $200 to $300 range, including Morgan Stanley's $300, Deutsche Bank's $255, JPMorgan and RBC's $225, Goldman Sachs' $205, and Citi's $200.