SpaceX (SPCX) joined the Nasdaq-100 Index today (July 7), with major brokerages Wells Fargo, Morgan Stanley, and Goldman Sachs initiating coverage with bullish ratings. Wells Fargo set a $230 price target, representing 43% upside, while Morgan Stanley and Goldman Sachs issued targets of $300 (87% upside) and $205 respectively. Analysts highlighted growth prospects across space transportation, satellite communications, and artificial intelligence.
According to JPMorgan, the index inclusion could drive up to $4.3 billion in inflows into the stock. SPCX shares were down 0.5% in premarket trading on Tuesday.