Analyst Sees SpaceX Stock Reaching $900

Analyst John Godyn rates SpaceX stock Buy with a $200 price target, but his bull case is much higher. In a note earlier this week, Godyn wrote: "We believe this [$200] price target is a milestone along the path to $900-plus, which becomes realistic assuming key engineering achievements are demonstrated at scale."

Rating Change

Godyn did not mention a previous rating but set the current price target at $200 with a bull case of $900.

Analyst Rationale

Godyn sees SpaceX stock reaching $900 if the company achieves key engineering milestones at scale. The specific achievements were not detailed but could include progress on Starship rockets or Starlink projects.

Context

SpaceX stock closed Thursday well below the current price target. No other analysts were quoted in the article. This analysis comes amid growing investor interest in private space stocks.

Conclusion

The $200 price target with a $900 bull case is contingent on demonstrable engineering achievements. Investors should closely monitor SpaceX's technical developments.