Oppenheimer Sets $250 SpaceX Target as Shares Trade Near $150 After IPO
Updated
Updated · Seeking Alpha · Jun 26
Oppenheimer Sets $250 SpaceX Target as Shares Trade Near $150 After IPO
3 articles · Updated · Seeking Alpha · Jun 26
Summary
$250 is Oppenheimer's new price target for SpaceX, implying roughly 67% upside from the stock's current level near $150 two weeks after its IPO.
Timothy Horan, Oppenheimer's tech analyst, told CNBC the valuation rests largely on SpaceX's long-term potential in the communications market.
The call puts early post-IPO trading in focus, with the brokerage arguing investors should value future communications growth rather than the stock's recent market price alone.