Raymond James says SpaceX could soar 440%, starts with $800 target
The firm initiated coverage with a Strong Buy rating, citing Starship, Starlink and SpaceX’s potential to become a global infrastructure giant.
Summary
Raymond James initiated coverage of SpaceX with a Strong Buy rating and a Street-high $800 price target, arguing the company could rise 440%. The bullish case centers on Starship, the company's next-generation launch system, Starlink, its satellite internet network, and a broader view that SpaceX could evolve into a global infrastructure giant spanning launch, connectivity and related services.
Terms & Concepts
- Starship: SpaceX’s next-generation launch system
- Starlink: SpaceX’s satellite internet network