The Starry Eyed Analysts Who Can't See Beyond Their Own Projections The latest stock price tumble for SpaceX has left Wall Street analysts scrambling to explain why their uniformly bullish predictions were so spectacularly wrong.
Just days after a flurry of reports from top banks predicted the company's stock would skyrocket, the shares plummeted below their initial public offering (IPO) price for the first time.
Analysts at 18 major banks forecast SpaceX's value to reach as high as $800 by 2031, with a median estimate of $225 in just two years' time.