Raymond James: Gives SpaceX a "Strong Buy" rating with a target price of $800.
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Serenity questioned the rationale behind Rijksmuseum's strong buy rating on SPCX, describing their research report as "utterly unconvincing."
According to Odaily Odaily, "White-haired stock god" Serenity wrote that Raymond James Financial initiated coverage of SPCX with a "Strong Buy" rating and a target price of $800, a significant increase from the previous $160. Serenity stated that the target price implies a SpaceX valuation of $10 trillion, adding that they were "speechless" on the matter and jokingly remarked that the content of so-called "institutional research reports" intended for retail investors already speaks for itself.
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)
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.
Cantor Fitzgerald: Reiterates Buy rating on MSTR with a target price of $212.
Odaily Odaily News | _2024111120230_ | An article published on the X platform stated that Cantor Fitzgerald said Strategy's top priority is to restore STRC to its face value, which is key to restarting its BTC buying engine and strengthening its capital structure. Cantor Fitzgerald stated that now is a good time to buy STRC or MSTR common stock, and reiterated its buy rating on MSTR with a target price of $212.