Wall Street Sets SpaceX Price Targets Up to $800 After IPO Lockup Ends

After the IPO lockup period ended on Tuesday (July 7), multiple Wall Street analysts released research reports on SpaceX with bullish outlooks. Raymond James analyst Brian Gesuale set the highest target price at $800 per share, suggesting a potential gain of more than 400% from Tuesday's closing price of $149.47. Other major banks also posted aggressive targets: JPMorgan Chase set $225, Deutsche Bank $255, and Citi $200, with an average Wall Street target of $220 per share. However, not all analysts are equally optimistic; MoffettNathanson assigned a neutral rating with a $131 target, citing the company's complexity. SpaceX shares fell 6.8% on Tuesday, marking the stock's first day in the Nasdaq-100 index.
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