MARKETS & FX
Oppenheimer Initiates SpaceX Coverage With a Bullish $190 Price Target
# SpaceX# price target# Oppenheimer# IPO
Key Points
- Oppenheimer began research coverage of newly listed SpaceX
- The firm set a bullish $190 price target
- Early broker ratings will anchor retail expectations post-IPO
Analysis
Oppenheimer initiated coverage of SpaceX with a bullish rating and a $190 target. First-wave ratings set retail anchors after an IPO — and the spread across brokers' targets will reveal how wide the valuation disagreement really is.