Raymond James Sets Wall Street's Highest Price Target on SpaceX Stock at $800. Here's the Math Behind the 425% Upside Call.
After a company completes its initial public offering (IPO), Wall Street analysts who work at the banks that underwrote the offering must refrain from issuing equity research about it for a specific period of time. This is known as the quiet period. For Elon Musk's Space Exploration Technologies (SPCX +2.38%), that period just ended.Unsurprisingly, a flurry of reports from sell-side analysts just dropped. While the consensus across Wall Street is generally bullish for SpaceX, one analyst in particular sees ...