Multiple Wall Street firms are collectively advocating for "buying on dips" in the semiconductor sector: the long-term logic of AI remains unchanged, but investment is entering an era of selective buying.
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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.
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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)
Wall Street has given SpaceX an "initially bullish" rating, with Morgan Stanley predicting the stock price could rise by as much as 87%.
According to a report by ChainCatcher on July 7th, SpaceX has gained initial support from Wall Street, with global brokerages beginning to rate the rocket and AI company led by Elon Musk and reaching a clear consensus: buy the stock. At least six brokerages, including Morgan Stanley, Goldman Sachs, and UBS, have begun rating the stock with a buy rating, endorsing SpaceX's long-term growth narrative, despite lingering questions surrounding the company's profitability, execution, and valuation. Morgan Stanley has set a target price of $300, one of the highest on Wall Street, implying an 87% upside from Monday's closing price of $160.42. Morgan Stanley projects SpaceX's share price to be $75 in a bear market scenario and $600 in a bull market scenario, with revenue potentially reaching $319 billion by 2030 and $3.3 trillion by 2040.
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Castle Securities: US retail investors are buying on dips at a record pace.
PANews reported on June 30th that Citadel Securities analyst Scott Rubner pointed out that retail investors have been "buy the dips" at a record pace this year. Data compiled by Rubner shows that on days when the S&P 500 falls, retail buying volume is almost 3.5 times the daily average; "buying the dip" has become the preferred strategy for retail investors in the first half of 2026. This is the strongest buying activity since the firm began tracking this data in 2020, even surpassing the record set in 2021 when the "meme stock" (retail-heavy stocks) craze was at its peak.