Five Major Firms Unanimously Rate SpaceX as Buy with Average Price Target of $250
N.R. Finch
Five Wall Street firms initiated SpaceX coverage with buy ratings and an average price target of ~$250, implying 72% upside — but the company spans so many industries that banks can't agree on which analyst should even cover it.
Five firms, one call — what are they seeing?
Deutsche Bank, RBC, Wells Fargo, Oppenheimer, and Morgan Stanley all initiated with a buy rating, averaging a target of ~$250.
Against last Friday's close of $145.30, that target implies roughly 72% upside and a valuation of about $3.3 trillion.
This means → Wall Street's consensus is that the current price deeply undervalues SpaceX's long-term potential, with almost no dissent.
Why can't Wall Street figure out who should cover this company?
SpaceX straddles rocket launches, satellite broadband (Starlink), and artificial intelligence — it fits no single industry bucket.
The lead analysts assigned by the five firms come from autos, aerospace & defense, tech, telecom, and embodied AI — five entirely different desks.
In plain terms = it's as if one company ran a restaurant chain, a logistics firm, and a chipmaker at once — no single analyst can see the whole picture, so banks are improvising.
Why did RBC go with a team approach?
RBC analyst Ken Herbert said openly: "We took a team approach… three analysts collaborated on the initiation."
He explained that when clients ask about Starlink's satellite broadband details, he has to bring in a telecom colleague.
He even admitted: "I don't know if I'll still be the lead analyst in two years." This reflects a business footprint that has outgrown any single analyst's domain.
The stock is falling — doesn't that contradict a unanimous buy?
SpaceX closed at $145.30 last Friday, its lowest close since its June IPO, and slipped another 0.9% to $144.04 in pre-market trading.
This means → the market is still digesting post-IPO pricing froth in the short term, but five simultaneous buy calls signal that longer-horizon capital sees this level as an entry point.
In plain terms = a new low and a wall of buy ratings aren't contradictory — one is short-term sentiment, the other is a two-to-three-year bet.
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