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SpaceX stock falls below its IPO price despite a wall of bullish analyst price targets
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SpaceX stock falls below its IPO price despite a wall of bullish analyst price targets

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A wave of wildly bullish price targets from Wall Street's SpaceX underwriters arrived just before the stock fell—raising questions about how much analysts really know.

Days after analysts at more than a dozen banks rolled out price targets that were almost uniformly bullish, the shares tumbled below their $135 IPO price for the first time, then kept falling toward $125. The reversal is jarring for a company whose N... [6537 chars]

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Source: Fortune

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