SpaceX Plunges Below $150 on First Day of Index Inclusion, Wall Street Unanimously Bullish with Highest Target at $800?
SpaceX made history by being the fastest company ever added to the Nasdaq 100 index on July 7th. However, its stock (SPCX) fell over 6.8% to close at $149.47 that day, hitting a new low since its IPO. Analysts suggest the positive impact of the index inclusion was already priced in by the market, while upcoming insider share unlocks in August are creating downward pressure.
Despite the current bearish sentiment and recent market-wide declines, major Wall Street firms have issued overwhelmingly positive ratings following the IPO quiet period's end. Targets range from $200 to $300, with Raymond James setting the most optimistic price target of $800, citing SpaceX's long-term potential in rocket launches, Starlink, and AI space data centers.
In the short term, potential catalysts to support the stock price include a possible endorsement from former President Trump—following a donation of SpaceX shares to a trust he promoted—and the scheduled Starship Flight 13 test on July 14th. Nonetheless, with key support at $150 being tested and significant share unlocks looming, the near-term outlook remains challenging despite strong institutional long-term confidence.
Odaily星球日报07/08 09:02
