Wall Street analysts collectively bullish on SpaceX, with a maximum target price of $800.

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Deep Tide TechFlow update: On July 07, according to CoinDesk, the 25-day quiet period following SpaceX (SPCX) IPO has ended, and major Wall Street investment banks have begun coverage and issued buy ratings. Goldman Sachs has a target price of $205, Morgan Stanley has a target price of $300, and Raymond James is the most aggressive, giving a Strong Buy rating and a target price of $800. SpaceX went public earlier this year in June at $135 per share, raising $75 billion; as of Tuesday, the stock price was $150.93. Analysts generally view its multi-pronged business strategy—including launch services, Starlink satellite broadband, and government contracts—as promising, and describe it as “one of the most representative industrial infrastructure companies of the 21st century.” In addition, as of March 31 this year, SpaceX held 18,712 BTC.
BTC0.66%
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