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stocksJul 7, 2026, 3:48 PM

Raymond James Analyst Issues Strong Buy on SpaceX with $800 Target

Raymond James analyst Brian Gesuale initiated coverage on SpaceX with a Strong Buy rating and a $800 price target, implying nearly 400% upside from current levels around $160.

Raymond James analyst Brian Gesuale has published the most aggressive bullish call on SpaceX among major Wall Street firms.

Key points from the initiation:

  • Rating: Strong Buy
  • Price Target: $800 per share, the highest on Wall Street
  • Implied Upside: Nearly 400% from the stock’s recent trading level around $160

The note suggests significant confidence in SpaceX's valuation and growth prospects, though the company remains private with limited public disclosures.

Source: First Squawk