First day, people who overestimate will buy in, and it will shoot up, maybe to 160?
But a couple of weeks in and it will take a nosedive and start the real climb upwards (or not... after all it's 3 children in a trench coat acting as a business man)
SpaceX Retreats 30% From Peak! Wall Street's $227 Target?
SpaceX fell another 7.8% today, extending a roughly 30% pullback from its $225 high since debuting on Nasdaq at $135 on June 12. Despite persistent losses, ongoing AI unit cash burn, and phased lockup expirations beginning late August, most institutions remain bullish — FactSet's consensus from 10 analysts pegs the average target at $227, Oppenheimer rates it Outperform, and its Nasdaq-100 inclusion on July 7 is expected to attract passive inflows. Morningstar's DCF model, however, values the stock at just $63. After a near-50% drawdown, do you buy the dip or wait for lockup expiry?
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