Oppenheimer has given SpaceX an outperform rating with a price target of $190, indicating a potential 40% increase from its IPO price of $135. Analyst Timothy Horan highlighted the company's diversified portfolio and its unique position as a vertically-integrated AI company, suggesting it could leverage its capabilities for cost advantages.
He anticipates volatility in the stock but expects it to rise initially. New Street Research set a price target of $165, reflecting a 22% gain from the IPO price, based on projected revenue growth to $195 billion by 2030. Analyst Pierre Ferragu noted that SpaceX is expected to turn a profit by 2027, despite a projected net loss of $4.9 billion in 2025.
He estimates that if the market for SpaceX's services expands, the stock could reach a fair value of $330 per share. The coverage from these firms is significant as they are the first to provide recommendations, while most major banks are restricted from doing so until after the IPO due to their roles as underwriters.
Additionally, perpetual futures for SpaceX are already trading, suggesting the stock may open above $160 on its first day