SpaceX (NASDAQ: SPCX) July 7 inclusion into the Nasdaq-100 index was accompanied by a veritable flood of analyst ratings, including the equity’s latest and staggering Street high price target.
Specifically, Raymon James analyst Brian Gesuale initiated SPCX coverage on Tuesday with a bullish ‘Buy’ recommendation and a forecast that the stock would soar 439.59% to $800 within the next 12 months.
According to the note, the positive attitude and the associated SpaceX stock price target primarily hinge on the company’s potential to become a veritable infrastructure giant, as well as on programs and projects like Starship and Starlink.
Wall Street predicts SpaceX stock price for the next 12 months
Simultaneously, though the Raymon James $800 forecast was a standout considering it predicts a 439.59% rally from SPCX shares’ latest close at $148.26, it was merely one of the numerous ‘Buy’ recommendations issued within the last two days.
Indeed, the latest series of notes altered the overall balance of ratings and turned Elon Musk’s newer public company into a ‘Strong Buy,’ with a total of 22 such rankings, 4 ‘Hold’ assessments, and only a single ‘Sell’ rating.
Additionally, SpaceX stock is, on average, expected to rocket 65.85% to $245.96 in the next 12 months, per the data Finbold retrieved from TipRanks on July 9, 2026.
Meanwhile, Wall Street’s optimism has, so far, not been matched by SPCX shares’ actual stock market performance.
SPCX stock price performance since the SpaceX IPO
After an initial SpaceX rocketing to its all-time high (ATH) of $225.64 just four days after the initial public offering (IPO), the equity found itself crashing and has, in the last week, generally been gravitating toward its June 12 opening price of $150.
Still, shares of SPCX remain 9.82% above their IPO price of $135, and the Thursday pre-market shows some signs that a rally might launch SpaceX higher soon, as it, by press time, featured a 1.81% rally to $150.95.
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