Raymond James analysts initiate coverage on SpaceX (SPCX) with a Strong Buy rating and a price target of $800.00.
Analysts comment "We initiate coverage of SpaceX with a Strong Buy rating and an $800 price target, as we see the company as one of the defining industrial infrastructure companies of the 21st century. Industrialized access to orbit and AI are driving the most significant infrastructure convergence since the advent of the Internet. By lowering the cost of transporting mass to orbit, SpaceX is enabling a new infrastructure layer spanning transportation, communications, compute, manufacturing, and energy. Just as railroads, electric grids, and the Internet reshaped prior economic eras, we believe SpaceX is building the foundational platform for the next generation of industrial capacity."
Bernstein SocGen Group initiated coverage on SpaceX (NASDAQ:SPCX) with an Outperform rating and set a price target of $239.00, representing nearly 49% upside from the current stock price of $160.42. The company currently holds a market capitalization of $2.11 trillion.
RBC Capital analysts initiate coverage on SpaceX (SPCX) with a Outperform rating and a price target of $225.00.
The analysts comment: “We initiate coverage of SpaceX (SPCX) with an Outperform rating and a $225 PT. We can appreciate timing risk associated with the company’s space aspirations, but we believe sentiment will benefit from a proven track record of disruption and innovation, an almost ~$2T 2035E TAM and virtually unmatched financial resources. Moreover, we believe SpaceX will continue to benefit from its position at the center of two of the most profound investment themes of this generation: the evolution of the space based economy and AI. Our SOTP analysis supports our $225 PT.
@alojoh@SashaGusevPosts Your take is limited. Lack of access to housing market can be more than offset by the amazing increase in the access to investing in the capital markets.
Baird analysts reiterated an Outperform rating and $522.00 price target on Tesla (TSLA).
The analysts commented: "Strong Q2 deliveries and Energy deployments return to y/y growth - reiterate Outperform rating. TSLA reported Q2 deliveries which beat our/consensus estimates by a wide margin and grew ~25% y/y. Energy deployments of 13.5 GWh increased ~41% y/y and were a positive from the release after a lower than estimated Q1 (acknowledging deployments can be lumpy). We are updating our model to reflect the Q2 deliveries figure and our positive outlook is unchanged. TSLA will report full Q2 results after the close on Wednesday, July 22."
July 3 (Reuters) - Tesla said on Friday its robotaxi was available in Miami, as the electric vehicle maker looks to expand its autonomous ride-hailing operations.
Your enthusiasm for Micron reaching a new ATH at $1,249.54 ‘as predicted’ reminds me of your bullish commentary around Tesla near its ~$480 highs in late 2024—now that MU is already below $1,000 in pre-market, does this feel similar to you, or do you see meaningful differences in the setups?
July 2 (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) on Thursday said it had closed its 2022 preliminary evaluation into 695,000 Tesla vehicles over unexpected deceleration, citing low demonstrated hazard to drivers and a substantial drop in incidents.
Your enthusiasm for Micron reaching a new ATH at $1,249.54 ‘as predicted’ reminds me of your bullish commentary around Tesla near its ~$480 highs in late 2024—now that MU is already below $1,000 in pre-market, does this feel similar to you, or do you see meaningful differences in the setups?
TD Cowen analysts reiterated a Buy rating and $490.00 price target on Tesla (TSLA).
The analysts commented: "Tesla Q2 Delivery Preview: Staying AboveConsensus & See Upside Potential; Our Tesla Q2 vehicle delivery estimate of 418k units remains above the 406k consensus. While the final days/weeks of the month can materially sway the outcome (June can be ~48% of Q2), recent data and our predictive model suggest upside potential towards a mid-400k delivery outcome. A Q2 delivery beat could boost NT sentiment post the recent pullback, while supporting our US EV thesis."