Raymond James issues absurd price target for SpaceX stock
SpaceX stock has had a rough few weeks. Shares are trading 50% below all-time highs shortly after the company’s record-breaking initial public offering in June.Yet one Wall Street firm is not backing down. In fact, it is doubling down with a price target that would make SpaceX one of the most valuable companies ever to trade on a public market.The gap between where the stock sits today and where this analyst thinks it is headed says a lot about how Wall Street is pricing the space and artificial intelligence boom right now.Raymond James stands firm on SpaceX stockRaymond James reiterated a “strong buy” rating and an $800 price target on SpaceX on July 27.At the time of writing,
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