Several outlets report a sharp market reaction to unusually bullish research on SpaceX. Bloomberg and The Next Web highlight Raymond James analyst Brian Gesuale as the most bullish among covering analysts, noting he initiated coverage with a “strong buy” stance and set an $800 price target. Bloomberg and The Next Web describe his view of a valuation above $10 trillion, while Economic Times adds specific projections, including revenue reaching $5.2 trillion by 2035. Economic Times also says the growth thesis is tied mainly to SpaceX’s developing artificial intelligence business, with AI expected to become SpaceX’s largest revenue stream by 2027. Fortune and Yahoo Finance report that SpaceX shares later fall shortly after these high price targets and valuation claims are publicized, drawing attention to how much analysts’ models can explain or predict near-term performance. Yahoo Finance also emphasizes the implications of the top price target for a hypothetical investment, while Fortune frames the timing of the stock drop as raising questions about the degree to which analysts’ expectations are reflected in market pricing.
SpaceX stock reacts after bullish Wall Street analyst targets exceed $10 trillion valuation
Several outlets report a sharp market reaction to unusually bullish research on SpaceX. Bloomberg and The Next Web highlight Raymond James analyst Brian Gesuale as the most bullish among covering anal...
- Raymond James analyst Brian Gesuale initiates coverage of SpaceX with a strong buy rating.
- Gesuale sets an $800 price target for SpaceX shares.
- Multiple outlets report his model implies a valuation above $10 trillion.
- Economic Times cites projections of $5.2 trillion revenue by 2035, with AI expected to become the largest revenue source by 2027.
- Some outlets report SpaceX shares decline shortly after the bullish targets are released.
A wave of wildly bullish price targets from Wall Street's SpaceX underwriters arrived just before the stock fell—raising questions about how much analysts really know.
1 month agoRaymond James analyst Brian Gesuale initiated coverage on SpaceX with a strong buy. He set an $800 price target, projecting significant future stock appreciation. Gesuale sees SpaceX revenue soaring to $5.2 trillion by 2035. This growth is primarily based on its nascent artificial intelligence business. The analyst believes AI will become SpaceX's largest revenue source by 2027.
1 month agoSpaceX just joined the Nasdaq 100. On the same day, one Wall Street analyst put a $10.5 trillion price tag on it. A famed investor put the odds of a crash at 90 per cent. SpaceX has plenty of admirers on Wall Street. None goes further than Raymond James analyst Brian Gesuale. He opened coverage […] This story continues at The Next Web
1 month agoSpaceX has no shortage of fans on Wall Street, but one analyst stands out among the rest as by far the most bullish: Raymond James’ Brian Gesuale.
1 month ago
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