One Wall Street firm believes SpaceX shares could more than double from current levels, a move that would push the company’s valuation above Nvidia’s.
Arete has reportedly set a $401 price target on SpaceX. Assuming the number of shares outstanding remains broadly unchanged, and insiders don’t dump their shares when they become available in stages over the coming months. A gradual release could reduce the risk of a sudden supply shock, but it still creates a key test.
Not all analysts are convinced. Oppenheimer has reportedly issued a more conservative bullish target, while CFRA analyst Keith Snyder carries a Sell rating and a $115 price target.
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