On behalf of Space Exploration Technologies Corp. (NASDAQ: Spex) After two weeks of trading ended, Steve Silver, an analyst at Argus Research, began covering SpaceX shares.
On June 26, a Wall Street analyst initiated a “Hold” rating on SpaceX stock. However, silver did not provide a specific price target SBCX stock For the next 12 months.
He cited several factors that lead to a neutral stance on SpaceX stock. For example, he noted that although the company is growing strongly on top of revenue, it has not yet achieved consistent profitability.
As such, the analyst highlighted that SpaceX was operating a hybrid business model that blended mature infrastructure with venture-style growth investing, complicating its near-term earnings outlook.
The analyst also pointed to the tight supply of SPCX shares and the expiration of the upcoming post-IPO lock-up period as additional drivers of near-term volatility. It will likely take years before the valuation multiple returns to more typical levels, equivalent to roughly 95 times 2025 revenue, Argus said.
“The IPO valuation implies a price-to-sales multiple of approximately 95 times 2025 revenue… We believe it will likely be years before SPCX multiples reach more normal levels,” Argus said. male.
SpaceX stock price forecast and performance
Following Argus’ rating on SpaceX, Wall Street’s average target for the company’s stock was hovering around $222.20 at the time of reporting, according to Data from TipRanks. Of the seven analysts who set a 12-month target for SpaceX stock, the highest target was $401, while the lowest was $115 at press time.
Since it began trading earlier this month, SpaceX’s stock price has added about 13.45%, trading at about $153.16 at press time. As such, the company’s market capitalization was around $2 trillion, already down $1 trillion from its peak as Finbold. I mentioned. However, the company’s outlook could be boosted by higher demand for AI stocks, especially after its acquisition of an AI-focused startup, such as Finbold. Highlight.
