Wall Street is fairly bullish on ****** eX (SPCX) stock, and Oppenheimer's latest price target raise is pushing that narrative further.
Oppenheimer ****** yst Timothy Horan increased his price target on ****** eX stock to $280 from $250, according to TipRanks. His price target implies about 87% upside, as ****** eX is trading near $150. The raise is a result of Horan's growing confidence that ****** eX can become a real AI giant.
On the surface, MarketBeat's data shows 27 of 42 ****** ysts covering the stock rate ****** eX a buy, and this fresh take from Oppenheimer makes the stock look very attractive.
The stock closed 6.42% higher following this ****** yst call. But does the thesis make sense?
The core valuation question is whether you believe that it can capture the market it said it aspires to capture in its S-1. ****** eX's S-1 states that the company estimates its total addressable market (TAM) at $28.5 trillion, of which $26.5 trillion, or 92.98%, is expected to come from AI.
#price #capture
Oppenheimer ****** yst Timothy Horan increased his price target on ****** eX stock to $280 from $250, according to TipRanks. His price target implies about 87% upside, as ****** eX is trading near $150. The raise is a result of Horan's growing confidence that ****** eX can become a real AI giant.
On the surface, MarketBeat's data shows 27 of 42 ****** ysts covering the stock rate ****** eX a buy, and this fresh take from Oppenheimer makes the stock look very attractive.
The stock closed 6.42% higher following this ****** yst call. But does the thesis make sense?
The core valuation question is whether you believe that it can capture the market it said it aspires to capture in its S-1. ****** eX's S-1 states that the company estimates its total addressable market (TAM) at $28.5 trillion, of which $26.5 trillion, or 92.98%, is expected to come from AI.
#price #capture
2 months ago
