Weeks after the largest initial public offering in history, Goldman Sachs initiated coverage of Space Exploration Technologies Corp. (NASDAQ:SPCX) with a Buy rating, planting itself firmly among Wall Street’s biggest bulls on the newly public rocket and AI giant.
Analyst Eric Sheridan and his team set a 12-month price target of $205, implying roughly 28% upside from the July 6 close of $160.42. The target values Elon Musk‘s company at about $2.1 trillion and suggests a 2-to-1 risk-reward profile for investors.
